FTSE 100 Set to Edge Higher After Asia Gains

0633 GMT - The FTSE 100 is expected to open four points higher at 7207, according to CMC Markets, after upbeat trading in Asia, though Wall Street closed mixed. Stocks in mainland China, Hong Kong and Japan are all firmly in positive territory and the Dow Jones ended Monday 0.1% lower. "Today's Asia session has seen stocks rise and this looks set to translate into a modest re-bound for European markets this morning after yesterday's pullback," CMC analyst Michael Hewson says. (philip.waller@wsj.com)

 
Companies News: 

BHP First-Quarter Iron Ore, Copper Output Falls

BHP Group Ltd. produced less iron ore, copper and steelmaking coal in its first fiscal quarter mostly because of planned maintenance work at its operations.

---

Centamin Reports Higher 3Q Revenue, Backs 2021 Guidance

Centamin PLC on Tuesday reported higher revenue for the third quarter and reaffirmed full-year production and cost guidance.

---

UK Govt to Investigate Parker Hannifin's $8.65 Bln Planned Takeover of Meggitt

The U.K. Government said late Monday that it was investigating Parker Hannifin Corp.'s planned 6.3 billion pound ($8.65 billion) takeover of Meggitt PLC on national security grounds.

---

Hochschild to Demerge 80% Stake in Aclara Rare Earths Project

Hochschild Mining PLC said Tuesday that it intends to demerge a majority stake in its Aclara rare earths project in Chile ahead of its listing on the Toronto Stock Exchange.

---

Bellway FY 2021 Pretax Profit Rose Significantly; FY 2022 Has Begun Well

Bellway PLC said Tuesday that its pretax profit more than doubled in fiscal 2021 and that the new year began well.

---

888 Holdings Says 3Q Revenue Rose 7% to $230 Mln

888 Holdings PLC on Tuesday reported a 7% increase in revenue for the third quarter of the financial year.

---

Wise PLC 2Q Revenue, Transaction Volumes Rose

Wise PLC said Tuesday that revenue and transaction volumes grew significantly in the second quarter of fiscal 2022, in line with its forecasts, and that it expects to continue performing in line with guidance.

---

IntegraFin Funds Under Direction Rose in 4Q

IntegraFin Holdings PLC said Tuesday that funds under direction increased in the fourth quarter of fiscal 2021 compared with the year-earlier quarter.

 
Market Talk: 

BHP's 1Q Output Weak, But Steady Guidance Key

0215 GMT - BHP's first-quarter production was soft, says Macquarie, with better-than-expected petroleum and energy coal output being offset by misses for metallurgical coal, copper and iron-ore output volumes. "Importantly, guidance for all key commodities is unchanged with maintenance programs the key driver behind the metallurgical coal weakness," the bank says. BHP is down 1.6% in Sydney. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

---

Bull Fancies BHP Amid Strong Coal, Oil Prices

0249 GMT - Jefferies prefers BHP over rival Rio Tinto, for now, based on the latest production reports and relative valuations, the bank says. Strength in prices for some of BHP's key commodities, including steelmaking coal, copper and petroleum, should offset weakness in iron ore prices for the world's No. 1 miner in the short run, says Jefferies. The bank does forecast a fall in BHP's earnings and cash flow in FY 2022 versus FY 2021, "however, risk to our commodity price forecasts is to the upside," it says. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

 

Contact: London NewsPlus, Dow Jones Newswires; Dow Jones Newswires; paul.larkins@wsj.com

(END) Dow Jones Newswires

October 19, 2021 02:53 ET (06:53 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
FTSE 100
Index Chart
From Oct 2021 to Nov 2021 Click Here for more FTSE 100 Charts.
FTSE 100
Index Chart
From Nov 2020 to Nov 2021 Click Here for more FTSE 100 Charts.