0751: The FTSE 100 is seen falling around 23 points at the open, despite the strong numbers from Tesco.
London stocks are seen falling due to caution ahead of the release of Federal Reserve minutes and the March inflation figures for the US.

“Another late sell-off was avoided on Wall Street, evidence that investors have grown more confident a trade war can be averted,” says jasper Lawler at LCG. “Two men in the limelight, China's Xi and Facebook's Zuckerberg kept their cool and it was contagious for markets.

“Shares in Asia were mixed as the optimism about a resolution on trade was offset by weaker than expected consumer price inflation data out of China. The downturn in Chinese consumer prices matches weakness in producer prices. China has been exporting inflation for around two years. If that has goes into reverse, it will make the exit from stimulus programs at other central banks more difficult.”

0749: Tesco full year numbers look pretty good at first glance. The giant grocer declared its first year-end dividend since 2014 as it reported a 28% rise in underlying operating profits thanks to improved margins and surging cash generation.

0744: A busy morning for regulators. The Competition and Markets Authority is investigating the completed acquisition by Trinity Mirror plc of certain assets of Northern & Shell Media Group Limited.

Also energy watchdog Ofgem has today launched an investigation into whether Cadent failed to keep records of gas pipes (risers) in some blocks of flats that are part of its network.

0738: Late yesterday, one many people missed as it was put out on the dot of the market close, easyJet said it had “submitted a revised expression of interest for a restructured Alitalia” as part of a consortium.

0735: US stocks climbed overnight as investors cheered comments by China President Xi Jinping that appeared to take the heat of the trade spat with his US counterpart Donald Trump.