London Stocks Seen Opening Higher, US Jobs Data in Focus

0748 GMT - The FTSE 100 index is expected to open 15.5 points higher, according to IG, having closed on Thursday at 7633.45, tracking gains in Asian stocks on optimism about the implications of China's reopening after tough Covid-19-related restrictions. Gains will be limited, however, due to nervousness ahead of U.S. monthly jobs data at 1330 GMT which, if strong, could increase expectations for U.S. interest-rate rises this year. "Asian stock markets rose again on Friday, but the bullishness was held in check by the presence of the monthly U.S. non-farms figure on the schedule for the day," IG analysts say in a note. Eurozone inflation data will also be watched at 1000 GMT, while oil giant Shell will be in focus after an update. (jessica.fleetham@wsj.com) 


Companies News:

Clarkson Sees FY 2022 Results Ahead Of Views

Clarkson PLC on Friday said it expects its full-year results to be ahead of current market expectations after a strong fourth quarter driven by its broking division.

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Frasers Group Now Owns Around 3.9% of Hugo Boss

Frasers Group PLC said Friday that its strategic investment in Hugo Boss AG now represents around 3.9% of the German company's total share capital.

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Shell to Take $2 Bln Tax Hit for 4Q as Integrated Gas Trading Soared

Shell PLC said Friday that it expects its fourth-quarter earnings to take a $2 billion hit from additional taxes in the European Union and the U.K. government's energy windfall tax as its integrated gas trading and optimization results rose on quarter.

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One Media iP Sees Higher FY 2022 Revenue, Ebitda Amid Strong Music Industry Outlook

One Media iP Group PLC said Friday that it expects to post increased revenue and earnings before interest, taxes, depreciation and amortization for fiscal 2022 amid a strong outlook for the music industry and a positive growth trajectory.

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Glenveagh Properties Launches EUR60 Mln Share Buyback

Glenveagh Properties PLC on Friday said it is launching a share buyback program of up to 60 million euros ($63.1 million) to repurchase up to 10% of its share capital.


Contact: London NewsPlus, Dow Jones Newswires;

(END) Dow Jones Newswires

01-06-23 0306ET