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BP and HSBC beat the street and that helps FTSE 100 futures ahead of the opening
As you surely know now, the FTSE 100 closed higher yesterday, ending the session 36.78 points higher, at 8,285.62. Actually that closing rebound was quite impressive, given the headwinds that might await this week. The index had traded as low as 8,208.91 yesterday and this morning it is set to reopen shortly at above 8,320. The Q3 results from the UK listed oil giant, BP were released a short while ago and they beat on analysts estimates, as did those from HSBC beforehand. Also HSBC has announced a $3 billion share buyback program and that is also supporting the opening outlook for the FTSE 100 this morning. So, the FTSE 100 futures are certainly on the front foot this morning and as the opening looms shortly the index is right now priced to reopen around 8,322
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