Better than expected results from General Electric and Bank of America continue the theme of a positive second quarter US reporting season.
General Electric reported a 16% rise in second quarter profit, with earnings per share of 30 cents compared to expectations of 27 cents. Meanwhile Bank of America has just unveiled net income of $3.1bn or 27 cents a share, beating forecasts of 22 cents a share.
So Wall Street is now forecast to edge higher at the open, while the FTSE 100 has climbed 56.08 points to 5267.37. BP, up 15.25p at 417p accounts for around 11.5 points of the gain.
