FTSE 100 Poised to Rise Ahead of Fed Rate Decision

0639 GMT - The FTSE 100 looks set to open 31 points higher at 7804 after a lower close on Wall Street and ahead of the U.S. Federal Reserve's interest-rate decision later. The Dow closed 1% lower at 33684 Tuesday. The Fed is likely to increase rates by 0.25 percentage points, Danske Bank says. "Going into the meeting, we will also get ADP employment report and ISM services index for April," Danske analysts write. "Otherwise, markets continue to digest the latest news regarding U.S. banking-sector turmoil and JPMorgan's takeover of First Republic Bank. Pressure remains on medium-sized regional U.S. banks, while banks' exposure to real estate is raising growing concerns globally and market sentiment remains sensitive to headlines." (philip.waller@wsj.com) 


 
Companies News:

Haleon 1Q Pretax Profit Rose, Says Performance Was Strong Across All Categories

Haleon said Wednesday that pretax profit for the first quarter of 2023 has increased on the back of a robust performance across all categories and areas.

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Lloyds Banking Backs 2023 Guidance After 1Q Pretax Profit Beat

Lloyds Banking Group PLC on Wednesday maintained its full-year guidance as it posted better-than-expected pretax profit for its first quarter on strong net income and capital generation.

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Barratt Developments' Home Completion Fall; Sees FY 2023 in Line

Barratt Developments said Wednesday that it has completed fewer homes from Jan. 1 to Apr. 23, and that its outlook for fiscal 2023 ending June 30 is in line with expectations.

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RS Group CFO David Egan Resigns

RS Group said Wednesday that Chief Financial Officer David Egan has resigned from the role and as a director with immediate effect.

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Johnson Matthey Sells Diagnostic Services for GBP55 Mln

Johnson Matthey said Wednesday that it has sold its Diagnostic Services to Sullivan Street Partners and Souter Investments for 55 million pounds ($68.6 million) in cash.

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Intertek Sees Return to Peak Margins With New Growth Strategy, 2023 in Line With Views

Intertek Group said Wednesday that it sees 2023 trading in line with its guidance as it outlined its Intertek 30 AAA growth strategy.


Contact: London NewsPlus; paul.larkins@wsj.com

(END) Dow Jones Newswires

05-03-23 0258ET