FTSE tipped to start the session flat to slightly higher

PRE-OPEN REPORT: Headline shares are tipped to open flat to slightly higher, according to financial websites, as investors balance an urge for bargain hunting after yesterday’s sell-off against ongoing Euro concerns.

In America last night, the Dow slumped 178 points at 11,024, the Nasdaq Composite lost 44 points at 2,470 and the S&P500 fell 19 points at 1,178.

In Asia today, the Nikkei was last off 13 points at 9,784, while the Hang Seng ended the morning down 160 points at 23,533.

Crude oil traded at £51.93 a barrel on Nymex and gold settled at £843.17 an ounce.

The minutes of the last Bank of England rate setting committee meeting are due for release at 9:30am, along with UK unemployment and earnings data.

In the corporate diary for the day, interim results are due from Entertainment One, Experian, ICAP, Metric Property Investments, MirLand Development Corp, Mothercare and Speedy Hire.

Final results are scheduled from Barloworld, Dimension Data Holdings and United Drug.

Trading statements are expected from Centaur Media, Centrica, Informa, Paddy Power, SIG and Ted Baker.

Barratt Developments, Centaur Media, Coal of Africa, Medusa Mining and New Star Investment Trust host their AGMs.

For the latest AIM and FTSE news, plus the West Midlands risers and fallers, go to our Shares & Markets section. Click here

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