The FTSE 100 is called to open 21 points lower at 7556. Stocks saw another mixed session in Asia Wednesday, with subdued trading volumes, as continuing U.S.- China trade tensions contrast with still-solid economic data to leave investors without a dominant narrative. The dollar stayed near a one-week high after a stronger-than-forecast report on American retail sales; positive signs on U.S. demand for travel added to a picture of a resilient consumer. Futures on the S&P 500 Index were steady after the U.S. gauge slipped amid a slew of earnings results, with sentiment in part dented by President Donald Trump saying he could impose more tariffs on China.
UPGRADES AND DOWNGRADES
- SocGen upgraded to overweight at JPMorgan; PT 28 Euros
- Burberry downgraded to underperform at Jefferies; PT 20 Pounds
- Experian downgraded to reduce at HSBC; PT 21 Pounds
- Micro Focus Downgraded to Sell at Goldman; PT 14 Pounds
- Hochschild Mining rated new sell at Berenberg; PT 1.65 Pounds
- Severn Trent expects financial performance to be in line with expectations, according to a statement issued today.
- Galliford Try Expects FY Pretax in Line With Expectations
- Ericsson 2Q Adjusted Operating Profit Misses Lowest Est.
- ASML Sees ‘Strong’ 4Q After 3Q Sales Views Miss Estimates
- BHP Sees $1 Billion Hit From Costs, Mishaps as Iron Ore Falters
- Johnson Matthey keeps guidance for the group at constant rates unchanged, according to a trading statement issued today.
- TalkTalk Keeps Expectations Unchanged
- GVC Holdings said that total net gaming revenue rose 3% in the second quarter as online and European retail revenue offset a decline in U.K. retail revenue.
- Fresnillo Cuts FY Production Forecast for Silver, Gold
- European Car Sales Resume Downward Spiral With Sharp June Drop
- Metro Is Said to Weigh Special Payout to Repel Billionaires’ Bid
- TomTom Boosts FY Revenue Forecast After 2Q Sales Beats Ests.