FTSE 100 Poised to Rise After Mixed Asia Trading

0632 GMT - The FTSE 100 Index looks set to open 25 points higher at 7077, according to IG futures data, after mixed Asia trading and a slightly lower close on Wall Street. Stocks in Australia trade flat and Hong Kong's Hang Seng falls, though markets in Japan and South Korea rise. The Dow dropped 0.1% on Wednesday. Brent crude retreats 0.2% to $93.15 a barrel. "The European Central Bank minutes are out this afternoon," Danske Bank Chief Analyst Jakob Ekholdt Christensen says in a note. "There we will get a bit more color on why the Governing Council decided to hike rates by 75 basis points in September and also what their expectations are for further rate hikes ahead." (philip.waller@wsj.com)

 
Companies News: 

Diageo Backs Medium-Term Guidance Amid Challenging Operating Backdrop

Diageo PLC said Thursday that it has had a good start to fiscal 2023 and that it remains well-positioned to deliver its medium-term guidance despite expecting the operating environment to remain challenging.

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RS Group 1H Revenue Rose; Expects Full Year to Slightly Beat Market Views

RS Group PLC said Thursday that like-for-like revenue for the first half of fiscal 2023 rose 16%, with strong growth across all three regions, and that it expects to slightly beat full-year market expectations for profit and revenue.

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Imperial Brands Launches Buyback of Up to GBP1 Bln; FY 2022 Performance in Line With Views

Imperial Brands PLC said Thursday that it is launching a share-buyback program of up to one billion pounds ($1.13 billion), and that its performance for the year ended Sept. 30 was in line with expectations.

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Halma Buys Germany's WEETECH for EUR57.5 Mln

Halma PLC said Thursday that it has acquired the German safety-critical electrical testing technology company WEETECH Holding GmbH.

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Shell PLC Sees Rise in 3Q Marketing Results; Fall in Integrated Gas Trading

Shell PLC said Thursday that it expects integrated gas trading and optimization results to fall on quarter, but for market results to rise.

 
Market Talk: 

Bond Yields Face Opposing Pressures from Hawkish Central Banks and Weak Growth

0631 GMT - Government bond yields face opposing pressures from hawkish central banks and weak economic growth, says Amundi. This backdrop prompts the asset manager to maintain an active and tactical approach, it says in a note. Amundi is slightly cautious on duration--a measure of the sensitivity of bonds to changes in interest rates--mainly through U.S. Treasurys and core Europe, but it is positive on China and neutral on the U.K. amid the recent sharp movements, it says. The 10-year German Bund yield is trading less than 1 basis point lower at 2.017%, according to Tradeweb. (emese.bartha@wsj.com)

 

Contact: London NewsPlus; paul.larkins@wsj.com

(END) Dow Jones Newswires

October 06, 2022 02:56 ET (06:56 GMT)

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