FTSE 100 Seen Opening Higher With Fed Minutes in Focus
0743 GMT - The FTSE 100 is expected to open higher as investors look ahead to the release of the Federal Reserve's latest meeting minutes for potential clues about future monetary policy. IG futures data show the London index opening up 18 points. The Fed minutes at 1900 GMT will "likely confirm that the Fed remains serious about further tightening policy, even if it slows the pace of interest rate hikes," Swissquote Bank analyst Ipek Ozkardeskaya writes. "Remember, if the Fed decided to go slower on its rate hikes, it's to be able to go higher. And the more resilient the U.S. economy and the U.S. jobs market, the more eager the Fed will be to continue its journey north." (renae.dyer@wsj.com)
Companies News:
Union Jack Oil FY 2022 Revenue Rose on Wressle Well Production
Union Jack Oil PLC on Wednesday said its 2022 revenue was boosted by its Wressle hydrocarbon development, which made $12 million in net revenue since production restarted at the site in August.
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HEIQ Expects to Miss 2022 Market Views; Buys Tarn-Pure Holdings
HEIQ PLC said Wednesday that it expects to miss consensus expectations for 2022 after market conditions worsened in the fourth quarter, and that it has acquired Tarn-Pure Holdings Ltd.
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Concurrent Technologies Sees 2022 Revenue Ahead of Views, Pretax Profit at Least in Line
Concurrent Technologies PLC said Wednesday that it expects to report revenue around 10% ahead of market expectations and pretax profit at least in line with market expectations for 2022.
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Vast Resources' Romanian Mine 4Q Production, Sales Rose Ahead of Forecasts
Vast Resources PLC said Wednesday that its fourth-quarter copper concentrate production and sales rose on quarter at its Baita Plai Polymetallic Mine in Romania, exceeding forecasts made in mid-December.
Contact: London NewsPlus, Dow Jones Newswires;
(END) Dow Jones Newswires
01-04-23 0304ET
