FTSE 100 Set to Open Higher on Nvidia and US Inflation Data

The FTSE 100 is set to open modestly higher on Wednesday, with futures pointing to a gain of around 24 points or 0.2% after the index closed Tuesday at 10,886.16.

Investor attention is firmly on the US where Nvidia's half-year results and the Federal Reserve's preferred inflation gauge the personal consumption expenditures index are due later in the day.

Expectations around Nvidia are particularly elevated with analysts looking for second-quarter revenue of roughly $92 billion, with the company's guidance for the next quarter likely to be just as important as the headline numbers.