M+A conjecture sees FTSE 100 futures point to a higher opening today

On Friday all the major European stock market indexes pretty much matched gains ahead of the weekend. The CAC 40 led the way, with a 0.31% rise. That was followed by a 0.28% rise for the FTSE 100 and 0.24% for the DAX. The FTSE 100 closed 23 points to the better, at 8,168.10. The index looks set to open higher shortly and potentially above 8,200. The index had peaked on Friday at 8,203.46 and that is a price point that should be on the radar, when live trading resumes today. The news that the Indian telecom outfit, BHARTI is to acquire 24% of BT via a purchase of a third party holding in BT seems to be helping to support the index too, as indeed it seems to have done for the Pound this morning. To be honest that is connecting a lot of dots and so not necessarily linked. Despite details for BHARTI, it seems that BT (British Telecom) might be in play now. The FTSE 100 is just now priced to reopen around 8,195