FTSE 100 Seen Tracking Asia Rebound0628 GMT - The FTSE 100 is expected to open higher after heavy losses in the previous session amid fears about rampant inflation and slowing economic growth. That follows a rebound in Asia stocks after China cut its five-year loan prime rate 15 basis points to 4.45%, he says. Meanwhile, data on Friday showed U.K. retail sales rose 1.4% on month in April compared with the 0.3% drop expected by economists in a WSJ survey. Retail sales increased 1.4% on month in April, according to the Office for National Statistics. Economists in a WSJ survey expected retail sales to fall 0.3% in April.

Source: Wall Street Journal May 20, 2022 07:42 UTC