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)

Copyright (c) 2023 Dow Jones & Company, Inc.
FTSE 100
Index Chart
From Feb 2024 to Mar 2024 Click Here for more FTSE 100 Charts.
FTSE 100
Index Chart
From Mar 2023 to Mar 2024 Click Here for more FTSE 100 Charts.