London Stocks Seen Opening Little Changed on Caution Before US Jobs Data

0747 GMT - The FTSE 100 index is expected to open little changed, down around 3 points, according to IG, having closed on Thursday at 7558.49, as trade turns cautious ahead of U.S. monthly nonfarm payrolls data due at 1330 GMT. "Asian markets were weaker overnight, as the rally cooled in anticipation of today's nonfarms payroll report," IG analysts say in a note. However, stocks are still higher for the week, with the FTSE 100 up around 1%, helped by Federal Reserve Chair Jerome Powell's speech earlier this week where he signaled that the pace of rate increases could slow in December. IG also points to reports that China's Covid-19 restrictions could be eased in the coming days, likely boosting risk assets. (jessica.fleetham@wsj.com)

 
Companies News: 

Wizz Air Passenger Numbers Rose Significantly on Year in November

Wizz Air Holdings PLC said Friday that it carried significantly more passengers in November on year.

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Premier Miton FY 2022 Pretax Profit Fell as Assets Under Management Declined

Premier Miton Group PLC on Friday reported a fall in its full-year pretax profit as investors' reluctance to commit new investments in an uncertain market hit its assets under management, but said it has seen encouraging signs of recovery since the end of the period.

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Light Science Sees FY 2022 Revenue, Pretax Loss Missing Market Views

Light Science Technologies Holdings PLC said Friday that it expects to miss market forecasts for fiscal 2022 revenue and for pretax loss to be wider than consensus expectations, as clients face macroeconomic pressure.

 

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

(END) Dow Jones Newswires

December 02, 2022 03:08 ET (08:08 GMT)

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