The FTSE 100 is flat in early trading with a small drop of 0.2 points to 6,165.9 as investors wait for company results to be announced.
British Energy Group is the biggest drag on the index so far with a drop of 4.57% to 417.5p, closely followed by rival energy stock Cairn Energy which has slipped 1.17% to £18.63.
Miners are also off to a poor start with Anglo American down 2.19% to £23.62, closely followed by Kazakhmys which has slipped 2.12% to £12.03, while BHP Billiton has fallen 1.76% to £10.02.
On the bright side Home Retail is posting the biggest gains so far with a rise of 0.97% to 414.5p, while WPP is also up 0.97% to 676.5p, closely followed by ITV which has added 0.96% to 104.75, while Amvescap has climbed 0.89% to 624p.
In Japan the Nikkei 225 Stock Average fell 8.35, or 0.1%, to 16,780.47 despite a rise in export stocks.
Toyota, the world's largest carmaker by value, advanced 70 yen, or 1%, to 7,030, while Rohm, which makes customized semiconductors for consumer electronics products, jumped 220 yen, or 2%, to 11,450, and Sony, the world's second-biggest consumer electronics maker, added 60 yen, or 1.3%, to 4,830.
Elsewhere Softbank slipped 30 yen, or 1.1%, to 2,655, as the nation's third-largest mobile phone operator announced new service plans which are cheaper than those of its rivals, while NTT DoCoMo, the largest mobile carrier, slid 4,000 yen, or 2.1%, to 184,000, and KDDI, the No. 2 operator, slumped 56,000 yen, or 7.1%, to 728,000.
Aiful, Japan's biggest consumer finance group, declined 160 yen, or 3.5%, to 4,460, while Acom, No. 2 non-bank consumer finance company, slid 120 yen, or 2.5%, to 4,720, although Fujitsu jumped 24 yen, or 2.4%, to 1,036, as it announcing second-quarter profit almost tripled to 14.1 billion yen from a year earlier.
In the US the Dow Jones Industrial Average hit a new high closing up 114.54 points, or 0.95%, to 12,116.91, as sliding oil prices helped dealers shrug off nerves ahead of this week’s interest rate decision.
General Motors was the biggest gainer with a rise of 5.55% to $35.19, closely followed by Wal-Mart stores which climbed 3.87% to $51.28, while heavy equipment maker Caterpillar gained 2.41% to $60.42.
3M Company also performed well with a rise of 2.06% to $80.09, while McDonalds added 1.62% to $42.14, and AT&T climbed 0.78% to $34.71 after posting a better than expected third-quarter profit of $2.4bn.
There were only three fallers in the Dow, led by American Express which slipped 2.39% to $56.65, closely followed by Disney which dropped 0.54% to $31.28, while United Technologies fell 0.06% to $64.98.IFAonline
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation