The FTSE 100 is called to open 41 points higher at 6871
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$ per £ 1.2974
$ per € 1.1658
€ per £ 1.1129
U.S. stocks rose amid speculation central banks will maintain efforts to support growth before Wednesday’s closely watched policy decisions from the Federal Reserve and Bank of Japan. Equities jumped out of the gate for a second day, though the early gains have lost some momentum. A rally Monday faded in afternoon trading to leave shares little changed for the session. Consumer staples and drugmakers paced Tuesday’s advance, with biotechnology shares rallying after Allergan Plc agreed to buy Tobira Therapeutics Inc. for as much as $1.7 billion. Energy producers slipped for a third day as oil swung between gains and losses.
The S&P 500 Index added 0.03 percent to 2,139.80 in New York. The Dow Jones Industrial Average gained 9.80 points, to 18,130.
PRESS COMMENTARY
• Financial Times: Santander has pulled out of talks with Royal Bank of Scotland to acquire Williams & Glyn in a blow to the state-backed lender’s attempts to offload the challenger bank.
• The Times: The prospect of a spin-off of GlaxoSmithKline’s consumer healthcare division receded yesterday when the pharmaceuticals group appointed the head of the division Emma Walmsley to succeed Sir Andrew Witty as group chief executive.
COMPANY NEWS
Inditex SA, the retailer behind the Zara fast-fashion chain, on Wednesday reported a 8.8% rise in second-quarter net profit, continuing to benefit from its focus on easily renewed inventory and quick deliveries to drive up sales.
Diageo PLC's (DGE.LN) fiscal year ending June 30, 2017, has started well and the spirits maker expects to achieve its growth target, Chief Executive Ivan Menezes said Wednesday.
Saga PLC (SAGA.LN) reported an 8.5% rise in first-half fiscal 2017 pretax profit, raised its dividend, and said it hasn't seen any discernable impact on customer behavior following the U.K.'s decision to leave the European Union.
Majestic Wine PLC (WINE.LN) said fiscal 2017 earnings, before interest and tax, will be below current market estimates due to lower than expected sales growth in the commercial business and higher marketing costs in the U.S. division of Naked Wines.
Barclays Plc offered to buy back about $2.1 billion of notes as the bank reorganizes into a holding-company structure. The tender covers eight series of notes in dollars, pounds and euros, according to a statement on Tuesday.
Deutsche Bank AG’s status as the riskiest among its peers is worsening, based on a U.S. regulator’s measure of leverage, adding to the lender’s woes as it braces for a settlement over mortgage securities. Source Quilter Cheviot
www.finance-spain.com
$ per € 1.1658
€ per £ 1.1129
U.S. stocks rose amid speculation central banks will maintain efforts to support growth before Wednesday’s closely watched policy decisions from the Federal Reserve and Bank of Japan. Equities jumped out of the gate for a second day, though the early gains have lost some momentum. A rally Monday faded in afternoon trading to leave shares little changed for the session. Consumer staples and drugmakers paced Tuesday’s advance, with biotechnology shares rallying after Allergan Plc agreed to buy Tobira Therapeutics Inc. for as much as $1.7 billion. Energy producers slipped for a third day as oil swung between gains and losses.
The S&P 500 Index added 0.03 percent to 2,139.80 in New York. The Dow Jones Industrial Average gained 9.80 points, to 18,130.
PRESS COMMENTARY
• Financial Times: Santander has pulled out of talks with Royal Bank of Scotland to acquire Williams & Glyn in a blow to the state-backed lender’s attempts to offload the challenger bank.
• The Times: The prospect of a spin-off of GlaxoSmithKline’s consumer healthcare division receded yesterday when the pharmaceuticals group appointed the head of the division Emma Walmsley to succeed Sir Andrew Witty as group chief executive.
COMPANY NEWS
Inditex SA, the retailer behind the Zara fast-fashion chain, on Wednesday reported a 8.8% rise in second-quarter net profit, continuing to benefit from its focus on easily renewed inventory and quick deliveries to drive up sales.
Diageo PLC's (DGE.LN) fiscal year ending June 30, 2017, has started well and the spirits maker expects to achieve its growth target, Chief Executive Ivan Menezes said Wednesday.
Saga PLC (SAGA.LN) reported an 8.5% rise in first-half fiscal 2017 pretax profit, raised its dividend, and said it hasn't seen any discernable impact on customer behavior following the U.K.'s decision to leave the European Union.
Majestic Wine PLC (WINE.LN) said fiscal 2017 earnings, before interest and tax, will be below current market estimates due to lower than expected sales growth in the commercial business and higher marketing costs in the U.S. division of Naked Wines.
Barclays Plc offered to buy back about $2.1 billion of notes as the bank reorganizes into a holding-company structure. The tender covers eight series of notes in dollars, pounds and euros, according to a statement on Tuesday.
Deutsche Bank AG’s status as the riskiest among its peers is worsening, based on a U.S. regulator’s measure of leverage, adding to the lender’s woes as it braces for a settlement over mortgage securities. Source Quilter Cheviot
www.finance-spain.com
