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US close: Stocks higher following better-than-expected data
Wall Street stocks closed higher on Wednesday as better-than-expected macro data and comments from a top Fed official boosted sentiment.
Thursday preview: BoE, Mondi in focus
Financial markets' focus on Thursday will shift back to the UK where rate-setters at the Bank of England are due to meet to decide on monetary policy.
Europe close: Stocks shake off geopolitical angst to end higher
European shares continued to push higher on Wednesday as investors as concerns about the impact of US House Speaker Nancy Pelosi's visit to Taiwan ebbed.
London close: Stocks stronger ahead of Thursday's BoE decision
London stocks closed above the waterline on Wednesday, as investors mulled the latest reading on the UK services sector ahead of the Bank of England’s scheduled policy announcement on Thursday.
OPEC+ raises output quota ceiling for September by 100,000 barrels per day
The Organisation for Petroleum Exporting Countries and its main allies, whom together are known as OPEC+, revised their combined output quotas for September higher but by far less than in the previous month.
Fed's Bullard says soft landing achievable, Daly thinks work 'far from done'
The US Federal Reserve and the European Central Bank may be able to lower inflation in an orderly fashion while achieving a relatively soft landing, a top Fed official said.
Director dealings: Haleon non-execs spend over £0.5m between them
Consumer products giant Haleon found itself on the list of director deals on Wednesday, after two of its non-executive directors bought more than half a million pounds worth of shares between them.
BA set to pause sales of long-haul flights from Heathrow - report
British Airways is reportedly set to pause sales of long-haul flights to destinations such as New York amid disruption at Heathrow.
Broker tips: Ascential, BAE Systems, Centrica
Analysts at Berenberg downgraded business-to-business media firm Ascential from 'buy' to 'hold' on Wednesday and slashed their target price on the stock to 290. 0p from 450. 0p, stating it was now "cutting losses".
Kefi reports further licensing progress in Saudi Arabia
Ethiopia and Saudi Arabia-focussed gold and copper explorer and developer Kefi announced positive licensing progress on the Jibal Qutman project on Wednesday, as well as the award of two further exploration licences through its Gold and Minerals (G&M) joint venture in Saudi Arabia.
FTSE 250 movers: Endeavour shines, Hill & Smith falls
The FTSE 250 was up 0. 34% at 19,940. 66 at 1523 BST.
Proteome reaches milestone in launch of proteomics service
Proteome Sciences has completed its next milestone towards the launch of ‘single cell proteomics’ services, it announced on Wednesday, dubbed ‘SysQuant SCP’.
Orcadian strikes farm-out deal with Carrick Resources
North Sea-focussed oil and gas developer Orcadian Energy has executed a formal agreement with Carrick Resources for a sub-area of licence P2320, it announced on Wednesday, which covers the Carra prospect.
FTSE 100 movers: Avast surges on CMA news; Centrica hit by downgrade
London’s FTSE 100 was up 0. 2% at 7,423. 26 in afternoon trade on Wednesday.
US open: Stocks trade higher at the opening bell
Wall Street stocks were in the green early on Wednesday as strained US-Sino relations remained in focus.
First Property leases another 9pc of Gdynia office building
Property fund manager and investor First Property Group has leased a further 1,115 square metres, or 9% of the net internal area, of its office building in Gdynia, Poland, it announced on Wednesday.
Premier African Minerals finalises prepayment deal, receives funds
Premier African Minerals has concluded the definitive transaction documents of the marketing and prepayment agreement it announced on 24 June, it said on Wednesday.
US ISM services PMI reaccelerates unexpectedly in July
Activity in the US services sector accelerated unexpectedly in July, the results of a closely-followed survey revealed.
Drop in US services PMI points to Q3 GDP contraction, S&P Global says
Services sector activity in the US slumped during the previous month with output falling at its fastest pace since May 2020, revised data for a survey of sector conditions revealed.
Taylor Wimpey sees earnings at top end of guidance as profits rise
House builder Taylor Wimpey said it expected full-year profits to be at the upper end of forecasts as it reported a rise in interim earnings, driven by strong selling prices.