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FTSE 100 Seen Opening Higher as ECB, Fed Decisions Eyed

FTSE 100 Seen Opening Higher as ECB, Fed Decisions Eyed

0637 GMT - The FTSE 100 is expected to open higher as investors look ahead to interest rate decisions from the Federal Reserve and European Central Bank later in the week. IG futures data show the London index of blue-chip stocks opening 38 points higher. The Fed holds its rate decision on Wednesday followed by the ECB on Thursday. "This week's central bank decisions could go a long way in determining how much further central banks are prepared to go before they can offer any insight into when they expect to stop raising rates," CMC Markets analyst Michael Hewson writes. "If the markets don't like what they hear, we could see a sharp move lower." (


Frasers Group Buys Stake in AO World for GBP75 Mln

Frasers Group said Monday it bought a 18.9% stake in electrical retailer AO World for 75 million pounds ($94.3 million).


Learning Technologies Sees Sales Growth, New Deals Ahead, Chairman Says

Learning Technologies Group said Monday that it expects moderate sales momentum in the first half of the year and is eyeing fresh acquisitions following the integration of GP Strategies.


Capital Ltd. Lifts 2023 Capex Guidance; Gabon Contract

Capital Ltd. on Monday raised its capital expenditure guidance for 2023 after securing an earthmoving and crushing services contract for Ivindo Iron in Gabon.


CVC Advisers, Francisco Partners Management Won't Make Offer for Network International

CVC Advisers and Francisco Partners Management said Monday they don't intend on making an offer for Network International Holdings after it said it had accepted a takeover bid from Brookfield Asset Management.


Staffline Sees 2023 Performance in Line With Views

Staffline Group on Monday said it anticipated that performance in the current year will continue in line with expectations, with revenue to be weighed to the second half aligned with historical trends.


Contact: London NewsPlus, Dow Jones Newswires;

(END) Dow Jones Newswires

June 12, 2023 02:58 ET (06:58 GMT)

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