FTSE 100 Seen Higher, Tracking Global Gains
04 Ottobre 2022 - 9:09AM
Dow Jones News
FTSE 100 Poised to Rise After Upbeat Asia, US Trading
0633 GMT - The FTSE 100 index looks set to open 47 points higher
at 6955, according to IG futures data, after upbeat trading in Asia
and on Wall Street. Markets in Australia, Japan and South Korea
gain and the Dow closed Monday 2.7% ahead. Brent crude rises 0.5%
to $89.35 a barrel. "Three Fed speakers, Williams, Mesters and
Daly, are on the wires ahead of a batch of U.S. job-market data
this week," Danske Bank Chief Analyst Jakob Ekholdt Christensen
says in a note. "We continue to expect two more 75 basis-point
hikes in the November and December meetings, which would end the
hiking cycle at 4.50-4.75% by year-end."
(philip.waller@wsj.com)
Companies News:
Legal & General Backs 2022 Operating Profit; Capital
Generation Despite Volatility
Legal & General Group PLC said Tuesday that it continues to
benefit from positive momentum in the second half, despite the
increased market volatility, and backed its guidance for the
full-year operating profit and capital generation.
---
Greggs 3Q Sales Rose, Backs Full-Year Outlook
Greggs PLC said Tuesday that sales for the third quarter of the
year rose 15% compared with the same period of 2021, and backed its
expectations for the full-year.
Market Talk:
Gilt Pickup Over Treasurys for FX-Hedged US Investors Looks
Attractive on Three-Month Horizon
0627 GMT - Following the recent sell-off, 10-year U.K. gilts
offer a 96-basis-point pickup over U.S. Treasurys for U.S.
investors when FX-hedged for three months, Citi's rates strategists
say. This is the largest pickup in at least seven years, they say,
adding that it is the best return for U.S. investors within major
developed markets except for eurozone government bonds. The yield
pickup in the 30-year maturity segment is around 70bps, still
relatively attractive, Citi's strategists say. However, for
investors over a one-year horizon, the FX-hedging cost associated
with gilts becomes highly punitive for dollar-denominated
investors, they add. (emese.bartha@wsj.com)
UK GDP Expected to Contract Next Year
1546 ET - S&P Global Ratings said in its latest forecast
that U.K. GDP is expected to contract by 0.5% next year. S&P
Global Ratings Senior Economist Boris Glass says "As inflation
rises further over the winter, consumer spending is set to
contract, leading the broader U.K. economy into a moderate
technical recession." The U.K.'s GDP is expected to grow by 1.4% in
2024 and 1.6% in 2025, according to S&P. "Growth in the latter
years will, albeit to a limited extent, benefit from the recently
announced medium and longer-term fiscal policies aimed at boosting
the U.K. economy's growth potential," Glass says.
(stephen.nakrosis@wsj.com)
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
October 04, 2022 02:54 ET (06:54 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Grafico Indice FTSE 100
Da Mar 2024 a Apr 2024
Grafico Indice FTSE 100
Da Apr 2023 a Apr 2024