The Footsie is being called to start the day approximately 17 points higher after European authorities backtracked from their assertment that the bail-out of Cyprus will serve as a template for other future such actions. Nevertheless, investors will be watching for any further details regarding the same. In parallel, this afternoon several first-tier economic indicators are due for release in the United States. These include data on durable goods orders, consumer confidence and new home sales. At 11:00 the Confederation of British Industry (CBI) will publish its distributive trades index for the month of March.Kazakhstan-focused copper miner Kazakhmys has taken a larger than expected $2.22bn impairment on the value of its 26% stake in rival ENRC.Home improvement retailer Kingfisher posted a fall in annual pre-tax profit Tuesday, in line with market expectations, as wet weather in the UK dampened sales. Sales dropped by 2.4% to £10.5bn from £10.8bn, reflecting weak consumer confidence and a record year of rain in the UK. Plumbing merchant Wolseley said half year profit slipped, as a strong performance in the US was outweighed by weakening demand in Europe and Canada. Pre-tax profit slipped to £199m for the half year to January 31st 2013 from £250m the same time a year earlier. Revenue for the period fell to £6.3bn from £6.8bn before but like-for-like (LFL) revenue increased 2.2%. AB