FTSE seen opening higher

LONDON (BestGrowthStock) – Britain’s FTSE 100 (.FTSE: ) index is seen gaining on Friday, reflecting strength overnight on Wall Street and in Asia with investors soothed by signs that a bailout for Greece could come soon.

The UK blue chip index looks set to open up 2 to 7 points, or as much as 0.1 percent, according to financial bookmakers, after it closed 31.23 points, or 0.6 percent higher at 5,617.84 on Thursday.

Greece readied severe austerity measures on Thursday to secure a multi-billion euro aid package and avoid debt default, providing relief to financial markets but drawing threats from unions of a mighty battle to come.

British consumer morale edged lower for a second straight month in April, a survey showed on Friday, pointing to less demand for big purchases and concerns about the economic outlook ahead of next week’s election.

On the other side of the Atlantic, the first reading for U.S. first-quarter GDP is due at 8:30 a.m. ET, with the median forecast for a +3.4 percent annualized rate versus +5.6 percent in the fourth quarter.

Chicago PMI and the Michigan consumer sentiment survey will also be released on Friday.

Investment Research

(Reporting by Tricia Wright)

FTSE seen opening higher