The FTSE 100 is slightly up in early trading with a rise of 8.9 points, or 0.14%, to 6,191.4, as a lack of company news is keeping investors on the sidelines.
Tate & Lyle is posting the biggest gains so far with a rise of 3.11% to 796p, following yesterdays upgrade by Morgan Stanley, closely followed by Kingfisher which has climbed 1.92% to 265p.
Mining firm Xstrata is also off to a good start with a rise of 1.63% to £22.48, closely followed by Standard Chartered bank which is up 1.51% to £14.76, while Sainsbury has also slipped 1.51% to 402.75p.
British Sky Broadcasting is currently the biggest drag on the index with a drop of 1.17% to 549.5p, closely followed by Royal Bank of Scotland Group which is down 0.8% to £18.58.
Insurance companies are also down in early trading with Royal & Sun Alliance slipping 0.67% to 148.5p, closely followed by Resolution which has fallen 0.65% to 611p, while elsewhere AstraZeneca has dropped 0.63% to £34.65.
In Japan the Nikkei 225 Stock Average 81.17, or 0.5%, to 16,699.30 at the 3pm close after reports the ruling Liberal Democratic Party has dropped a plan allowing them to apply higher interest rates on some consumer loans.
The news caused Aiful, Japan's biggest consumer lender, to drop 320 yen, or 7.2%, to 4,140, while Promise, the nation's third largest, lost 210 yen, or 4.7%, to 4,260, and Credit Saison, the nation's largest credit card provider by market value, slumped 370 yen, or 7.7%, to 4,440.
Elsewhere Toyota, the world's second-largest carmaker, advanced 30 yen, or 0.4%, to 7,060, while Nissan added 11 yen, or 0.8%, to 1,377, ahead its earnings report scheduled to be released tomorrow.
Nomura Holdings fell 55 yen, or 2.5%, to 2,165, as net income declined in the second quarter to 43.5 billion yen as brokerage commissions dropped, while Daiwa Securities Group fell 59 yen, or 4.1%, to 1,381, and Nikko Cordial declined 54 yen, or 3.7%, to 1,427.
In the US the Dow Jones Industrial Average Tech closed up 10.97 points, or 0.09%, to 12,127.88 to hit yet another all time high ahead of the Federal Reserve’s interest rate decision.
General Motors posted the biggest gains with a rise of 2.84% to $36.19, closely followed by Honeywell International which climbed 1.73% to $42.82, while Du Pont added 1.21% to $46 after reporting a profit for the third quarter compared to a loss last year.
Boeing also gained 0.95% to $83.59, closely followed by heavy equipment maker Caterpillar which climbed 0.84% to $60.93, although gains were limited by Coca-Cola which slipped 0.53% to $47.03.
Pfizer was the biggest drag on the index with a drop of 1.69% to $27.26, closely followed by Procter & Gamble which slipped 0.63% to $62.88, while technology stocks also suffered as Hewlett-Packard dropped 1.08% to $39.44 and Microsoft fell 0.6% to $28.28.IFAonline
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