FTSE to open higher ahead of Bank report

LONDON (Reuters) - The FTSE 100 .FTSE is seen opening between 13 and 16 points higher or up 0.3 percent on Wednesday, according to financial bookmakers, with cautiousness expected ahead of the release of the Bank of England's inflation report later in the session.

A rise in Asian stocks, after data showed China's factory output jumped to a 19-month high in October, is seen helping sustain some positive sentiment on the FTSE 100 but gains on the index are expected to be muted following weakness on Wall Street overnight.

The FTSE 100 closed 0.1 percent lower on Tuesday, ending a four-session winning run, as weakness in miners offset strength in banks after a strong update from HSBC (HSBA.L)

On the economic front, focus is likely to be on the Bank of England's Inflation Report, due at 5:30 a.m., which will contain the central bank's latest growth and inflation forecasts. Analysts will be looking for clues on the role played by these in its decision to extend its quantitative easing programme by 25 billion pounds this month.

Some labour market statistics are also set for release later in the session, with British claimant count unemployment for October and the ILO jobless rate for September both due at 4:30 a.m.

(Reporting by Harpreet Bhal; Editing by Hans Peters)