Costs, rebates and margins
Pre-market expectations had been for a more bullish move but, regardless, the FTSE 100 is still up a healthy 38 points in the first couple of hours' trading.
Commodities price action consolidates on light economic calendar.
Sterling bulls take advantage of a mixed US dollar on a day of thin economic data announcements, while euro bears continue to cash in.
Markets have enjoyed some of the best gains in a two-day period since 2011, or in some cases 2008. The turnaround has been as swift as the slump seen two weeks ago, reminding investors that the December period is not one where feet of clay are rewarded.
Asia has picked up on the positive lead from US trade and extended its gains from a buoyant session yesterday.
No data available for this market
Explore more like this