FTSE 100 Seen Opening Higher Ahead of Fed Decision
February 01 2023 - 03:08AM
Dow Jones News
FTSE 100 Seen Opening Higher Ahead of Fed Decision
0735 GMT - The FTSE 100 is expected to open higher as investors
look ahead to the Federal Reserve's policy decision later. IG
futures data show the London index of blue-chip stocks opening up
15 points. The Fed is expected to slow the pace of interest-rate
rises to 25 basis points in a decision at 1900 GMT, but unlike the
Bank of Canada it will "certainly not announce the end of the
tightening cycle," Swissquote Bank analyst Ipek Ozkardeskaya
writes. Fed Chair Jerome Powell will likely point out that
inflation remains high and the job isn't done yet, she says. "He
will surely push back the expectation of any rate cut this year."
(renae.dyer@wsj.com)
Companies News:
Vodafone Says It Is on Track to Meet FY 2023 Guidance After 3Q
Total Revenue Fell Slightly
Vodafone Group PLC said Wednesday that third-quarter total
revenue fell slightly on year and that it is on track to meet its
updated fiscal 2023 guidance.
---
Entain Raises 2022 Ebitda Guidance After Higher Net Gaming
Revenue
Entain PLC on Wednesday raised its earnings guidance for 2022 as
it posted an 12% rise in net gaming revenue for the year.
---
Severn Trent Names Helen Miles New CFO to Replace James
Bowling
Severn Trent PLC said Wednesday that it has appointed Helen
Miles as its new chief financial officer after James Bowling
decided to retire in July 2023.
---
Halma Buys Thermocable for Initial GBP22 Mln
Halma PLC said Wednesday that it has bought Thermocable Ltd. for
an initial consideration of 22 million pounds ($27.1 million) on a
cash-free and debt-free basis.
Contact: London NewsPlus, Dow Jones Newswires;
(END) Dow Jones Newswires
February 01, 2023 02:53 ET (07:53 GMT)
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