FTSE 100 Seen Opening Lower as US Jobs Data Boosts Rate-Rise Bets
0644 GMT - The FTSE 100 is seen opening lower following declines in Asia overnight and on Wall Street on Friday after strong U.S. nonfarm payrolls data dashed hopes the Federal Reserve could pivot away from aggressive interest-rate rises. IG futures data show the London index opening down 61 points. "[Today is a] bank holiday in the U.S. and Canada; investors will have another day to digest the Fed-unfriendly U.S. jobs data, but then, inflation figures will be under the spotlight for the rest of the week," Swissquote Bank analyst Ipek Ozkardeskaya writes. U.S. producer price and consumer price inflation data due on Wednesday and Thursday respectively are of the "utmost importance" for Fed interest rate expectations, she says. (renae.dyer@wsj.com)
Companies News:
DS Smith Sees FY 2023 Performance Ahead of Views
DS Smith PLC said Monday that it expects its fiscal 2023 performance to be ahead of previous expectations, and that adjusted profit is expected to have increased in the first half amid robust revenue growth and cost mitigation.
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National Grid Sees FY 2023 Underlying EPS More Weighted Toward 2H
National Grid PLC said Monday that it expects underlying earnings per share for fiscal 2023 to have a more marginal weighting toward the second half than in previous years.
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Hollywood Bowl FY 2022 Revenue, Ebitda Beat Prepandemic Levels
Hollywood Bowl Group PLC said Monday that both fiscal 2022 revenue and Ebitda rose compared with prepandemic levels due to strong customer leisure demand.
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Sirius Real Estate 1H Rent Roll Rose, Meeting Full-year Views
Sirius Real Estate Ltd. said Monday that its like-for-like annualized rent roll rose 2.4% in the first half of fiscal 2023, and that its performance was in line with its expectations for the full year.
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Ashtead Technology Sees 2022 Performance Ahead of Market Views
Ashtead Technology Holdings PLC said Monday that it expects revenue and profit to be materially above current market expectations for 2022, driven by a robust underlying performance.
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
10-10-22 0311ET
