Better late than never for the FTSE, which has spent this week rallying and in the last full trading session of the year, the bulls have had the upper hand.
With base metals and energy prices both showing resilience, the FTSE, heavily weighted in this area, has enjoyed solid support.
At the top of the tree, DCC is the star performer, up over 59% on the year, even with an uninspiring December performance.
Panmure Gordon’s stockings are unlikely to be filled with much more than coal this year, following this morning’s trading update and the unwelcome news that annual losses will fall somewhere between £4 and £4.5 million.
Meanwhile there are indications that it’s game over for Game Digital, as the company’s share price crashes below its IPO price and sets records for all the wrong reasons.
This morning’s collapse in French consumer spending follows hot on the heels of warnings about festive season sales in the UK. Adding to the cautionary tones has been the falling UK GDP figures coming in at 0.4%, short of the 0.5% market expectations.
Although no reason for the Bank of England to be unduly worried, it does rather reduce the chances of Mark Carney following Janet Yellen's lead next year in raising rates. Ahead of the open we expect the Dow Jones to start 67 points higher, at 17,484.