FTSE 100 Seen Opening Little Changed Before US Inflation Data

0744 GMT - The FTSE 100 is expected to open little changed as traders evaluate Chinese inflation data and look ahead to U.S. inflation data later. Spreadbetting firm IG expects the London index to open up 3 points after ending Tuesday down 26 points. China's consumer price index rose 1.5% on year in October--a 13-month high--while producer prices surged 13.5%. "Later today, the US inflation data will likely confirm a further overheating in American consumer prices last month, as well," Swissquote Bank analyst Ipek Ozkardeskaya says. However, news that Federal Reserve Governor Lael Brainard was interviewed to become Fed Chairman is giving "doves," who favor easy policies, a decent boost, she says.(renae.dyer@wsj.com) 


 
Companies News:

Aveva 1H Net Loss Widened, But Adjusted EBIT Rose 21%

Aveva Group PLC on Wednesday reported a widened loss for the first half of the fiscal year, but its adjusted earnings rose and growth is expected to continue in the second half.

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ITV Sees Advertising Up in 4Q, Revenue for First 9 Months Grew

ITV PLC said Wednesday that it expects advertising revenue to be up on year in its crucial fourth quarter, and that revenue for the first nine months rose.

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Marks & Spencer Group Swung to 1H Pretax Profit; Raises FY Guidance

Marks & Spencer Group PLC on Wednesday reported a swing to pretax profit for the first half of fiscal 2022 and raised its full-year guidance while warning that labor-market and logistics issues will put pressure on costs.

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J.D. Wetherspoon 1Q Down from Pre-Pandemic Levels, Cautious on Near-Term Sales

J.D. Wetherspoon PLC said Wednesday that its sales declined during the first quarter and two weeks of the fiscal year compared with pre-pandemic levels.

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ASOS Aims to Grow Sales to GBP7 Bln in Three-to-Four Years

ASOS PLC said Wednesday that it is targeting growing sales to seven billion pounds ($9.49 billion) in the next three or four years.

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

(END) Dow Jones Newswires

11-10-21 0304ET