London Stocks Seen Higher as Asia Gains on China Hopes

London Stocks Seen Opening Higher

0749 GMT - The FTSE 100 index is expected to open 19 points higher, according to IG, having closed on Monday at 7474.02 as equities and oil prices recovered during Asian trade. "Stocks and oil prices staged a turnaround in Asia overnight, following reports that China would provide fresh support to the property sector, while hopes of an earlier loosening of Covid restrictions in response to public unrest added to the positive tone of the session," IG analysts write. Risk assets in Europe and the U.S. are set to recover after Monday's losses, but nervousness will persist ahead of a speech Wednesday by Federal Reserve Chair Jerome Powell, IG says. ([e-mail])

 
Companies News: 

AstraZeneca to Buy Neogene Therapeutics for $320 Mln

AstraZeneca PLC said Tuesday that it is buying biotechnology company Neogene Therapeutics Inc. for up to $320 million.

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easyJet FY 2022 Pretax Loss Narrowed, Revenue Rose on Pandemic Recovery

easyJet PLC said Tuesday that its fiscal 2022 pretax loss narrowed and revenue rose as passenger numbers and revenue per seat recovered following the easing of Covid-19-related restrictions.

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Shaftesbury Swung to FY 2022 Pretax Profit on Revaluation Gains and as Income Rose

Shaftesbury PLC said Tuesday that it swung to a pretax profit for fiscal 2022, primarily on gains from the revaluation of investment properties, while net property income rose 28%.

Contact: London NewsPlus; [e-mail]

(END) Dow Jones Newswires

November 29, 2022 03:10 ET (08:10 GMT)

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