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London Stocks Seen Opening Higher -- Market Talk

1 Jun 2018 6:53 am

0653 GMT - London stocks are expected to open 21 points higher at 7699, according to London Capital Group, with investors likely to be mildly relieved after Italy's populist parties reached a deal on forming a new government. This will ease immediate concerns about the prospects of new elections, though uncertainty remains. Investors are also expected to shrug off fears of a trade war for now after the U.S. imposed tariffs on steel and aluminum from the EU, Canada and Mexico, but again these may soon return to haunt markets. On a relatively quiet day for company news--other than an S&P downgrade of Germany's Deutsche Bank--attention will focus on U.S. jobs data at 1230 GMT and a U.K. purchasing managers' survey on manufacturing at 0830 GMT. (jessica.fleetham@wsj.com)

(END) Dow Jones Newswires

June 01, 2018 02:53 ET (06:53 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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