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Romain Fournier

Chief Editor
Having worked in the British, French and Swiss financial press, Romain is able to report on local and international issues, as comfortable in French as in the language of Shakespeare, Romain Fournier leads the editorial team at Marketscreener. Fine connoisseur of the English-speaking markets, Romain delivers an editorial every day on US and UK markets.

London markets: Investors eye Fed minutes, PMI

11/23/2022 | 04:25am EST

Higher oil prices pushed UK commodity stocks higher yesterday, after Saudi Arabia denied rumours it was backing an increase in output.

This morning, investors were trading cautiously, with the FTSE 100 up 0.5% ahead of the release of latest U.K. manufacturing and services PMI, due at 9.30 am, and the Federal Reserve's minutes this evening.

Investors will be looking for clues that the Fed is softening its stance on monetary policy and could go for lower interest rates.

Among stocks, mining giant Glencore rose after price target upgrades from Deutsche Bank and Bernstein.

Britvic, Halfords, Pets at Home, Rotork and De La Rue are among companies posting their results in London today.

Shares in De La Rue tumbled 24% after the currency maker posted a loss in the first-half and warned about lower-than-expected full-year profit.

 

Things to read today:

Bank of England is overly pessimistic about UK economy, claims OBR chief (Daily Telegraph)

I’m knackered’: people forced to take second jobs amid cost of living crisis (The Guardian)

Europe May Avoid Gas Crunch This Winter and Next, Trafigura Says (Bloomberg)

 


ę MarketScreener.com 2022
Stocks mentioned in the article
ChangeLast1st jan.
BRITVIC PLC -1.29% 764 Delayed Quote.-1.67%
DE LA RUE PLC 0.45% 66.5 Delayed Quote.-15.29%
GLENCORE PLC -1.61% 549.5 Delayed Quote.-0.53%
HALFORDS GROUP PLC 4.70% 196 Delayed Quote.-6.22%
PETS AT HOME GROUP PLC 0.06% 338.4 Delayed Quote.19.32%
ROTORK PLC 0.06% 321.4 Delayed Quote.4.83%