FTSE 100 Poised to Rise; Future Rates Path Still in Focus

FTSE 100 Poised to Rise After Mixed Asia Trading

0637 GMT - The FTSE 100 looks set to rise 36 points to 7738, according to IG futures data, though Asia trades mixed and U.S. stocks lost ground. Markets in Australia and Hong Kong gain, though mainland Chinese stocks drop. The Dow fell 0.9% Thursday. "While markets continue to obsess about whether the rate-hiking cycle is over and stock markets slip back from their recent highs, the bond market appears to have made up its mind that the Fed and ECB are both done on the rates front," CMC Markets analyst Michael Hewson writes. "Of course, with unemployment still low in Europe and the U.S., the economic data could still play a part in that narrative, starting today with the April jobs report." ([e-mail])

 
Companies News: 

InterContinental Hotels CEO Keith Barr to Step Down; 1Q Revenue Per Room Jumped

InterContinental Hotels Group said Friday that Chief Executive Officer Keith Barr will step down, and reported first-quarter revenue that was boosted by a strong performance across its markets.

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IAG Raises 2023 Guidance After Consensus-Beating Swing to 1Q Operating Profit

International Consolidated Airlines Group said Friday it beat consensus as it reported a swing to operating profit for the first quarter, and raised its guidance for the year.

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Eqtec 2022 Pretax Loss Widened on Impairment, Administrative Costs

Eqtec said Friday that its pretax loss widened in 2022, partly due to an impairment charge, while revenue came in ahead of full-year guidance.

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IG Design Appoints Rohan Cummings as Chief Financial Officer

IG Design Group said Friday that it has appointed Rohan Cummings as chief financial officer, effective July 3.

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Numis Sees Better Conditions for Rest of Fiscal Year After 1H Profit Fell on Operating Leverage

Numis Corp. on Friday said its pretax profit for the first half of fiscal 2023 more than halved due to its operating leverage but that it sees better conditions in the second half.

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Anpario's Nonexecutive Chairman Kate Allum to Step Down, Matthew Robinson to Take Role

Anpario said Friday that Kate Allum will step down as nonexecutive chairman and leave the board on June 29, and that Matthew Robinson will take over the role on that date.

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Caledonia Mining Nonexecutive Chairman Leigh Wilson Retires

Caledonia Mining said Friday that Nonexecutive Chairman Leigh Wilson has retired and that Nonexecutive Director John Kelly will act as interim chairman until a successor is named after the annual general meeting on May 9.

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Ithaca Energy Reaches Agreement With Shell in UK's Cambo Field

Ithaca Energy said Friday that it has reached an agreement with Shell regarding Shell's 30% working interest in Cambo in the U.K. North Sea.

Contact: London NewsPlus; [e-mail]

(END) Dow Jones Newswires

05-05-23 0305ET