Following yesterday morning's sharp drop and recovery through the day, the FTSE 100 index of leading ...
With little guidance from the US - markets were closed there for a national holiday - it will be up to dealers here to set their own path, at least until US markets open later this afternoon.
Asian markets were without guidance earlier today as well, and Tokyo's Nikkei 225 index lost 229.27 points to close at 10,050.98.
Gainers and losers have been decidely mixed so far.
CGNU leads the FTSE gainers at present, up 30.5p to 866.5p, after it reported results indicating a flat 2002, but also beating estimates for full-year new sales.
Northern Rock is up 14p to 670p, continuing the good news for shareholders, who last week saw the stock upgraded by Moody's and HSBC.
Chip maker Arm is up 5.75p to 308.25p.
On the loser board, it looks as if support services and utilities companies are taking the brunt today.
Capita Group and United Utilities lead the losers, down 15p to 425p and down 16p to 607.5p respectively.
Hays is close behind, with a 5p loss to 193p.
Electrocomponents is down 16p to 495p ahead of a maiden meeting with analysts covering support services companies - the sector the the company has recently moved into.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till