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Fed skips rate hike, gains time to analyse more data
Rate-setters at the Federal Reserve skipped a rate hike at Wednesday's meeting in order to buy time to gather further information before possibly tightening policy more.
Sector movers: Miners, Auto stocks pace gains
Miners paced gains on a mixed day in the stock market ahead of the US central bank's interest rate announcement due out after the close of London markets.
Thursday preview: ECB, US retail sales in focus
All eyes on Thursday were expected to be on the European Central Bank as rate-setters in Frankfurt met to decide on monetary policy.
Europe close: Stocks keep advancing ahead of Fed meeting
European shares made strong gains on Wednesday as investors awaited a decision on interest rates by the US Federal Reserve later in the day and the European Central Bank on Thursday.
Broker tips: Aston Martin, Ceres Power
Jefferies upgraded Aston Martin on Wednesday to ‘hold’ from ‘underperform’ and hiked the price target to 300p from 160p.
Berenberg stays at 'buy' on Ceres Powers
Analysts at Berenberg reiterated their 'buy' recommendation and 1,155p target price for shares of Ceres Power following a technology teach-in with the outfit on its solid oxide electrolyser offering.
US open: Stocks mixed ahead of Fed policy announcement
Stocks on Wall Street were mostly moving higher as investors eyed the latest policy announcement from the US Federal Reserve amid expectations of a pause in rate hikes.
US wholesale inflation slips more than expected in May amid drop in energy
Wholesale prices declined by more than anticipated last month amid a retreat in energy and food prices.