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US close: Stocks finish higher despite hawkish Fed
Wall Street stocks finished in the green on Wednesday, with the Nasdaq breaking its seven-day losing streak, even amid a whirlwind of hawkish Fedspeak.
Sector movers: Miners drag FTSE 350 lower, Electricity and Retail stocks gain
Industrial Metals & Mining fell to the bottom of the leaderboard for the FTSE 350 on Wednesday, following the release of Chinese of foreign trade that economists at Pantheon Macroeconomics said reflected the "dire state" of domestic demand.
Thursday preview: ECB rate meeting, Fed's Powell in focus
Financial markets' attention on Thursday will shift to the European Central Bank and the results of the latest governing council policy meeting.
Europe close: Slump in gas futures and economic data buoy stocks
European stocks reversed early losses spurred by Chinese foreign trade data that added to recessions woes, amid positive economic data and with the help of a tailwind from falling natural gas prices.
London close: Stocks sag after weak Chinese foreign trade data
London stocks finished in the red on Wednesday as disappointing Chinese trade data dented sentiment even as rate hike expectations on both sides of the Pond continued to mount.
BoE chief economist says government measures may lead to slightly stronger inflation
What matters about the government's energy bail out for the Bank of England will be its impact on the medium-term outlook for inflation, Huw Pil said.
Morgan Stanley downgrades Mitchells & Butlers to 'equalweight'
Morgan Stanley downgraded pub group Mitchells & Butlers to ‘equalweight’ from ‘overweight’ on Wednesday and cut the price target to 260p from 330p.
Cineworld files for Chapter 11 bankruptcy
Cineworld said on Wednesday that it has filed for Chapter 11 bankruptcy in the US.
Royal Mail to stage fresh 48-hour strike on Thursday
Royal Mail workers will go on strike for 48 hours from Thursday in a dispute over pay.
Broker tips: BHP, Equals Group
Analysts at Berenberg reiterated their 'hold' rating on mining giant BHP on Wednesday, stating its recently announced bid for OZ Minerals was "sensible" but "too low".
Judge allows Musk to include whistleblower report in Twitter trial
Twitter shares jumped on Wednesday after The Wall Street Journal reported that a judge had ruled that Tesla owner Elon Musk can amend his countersuit against the social media company to include a whistleblower report.
US open: Stocks trade slightly higher as bond yields remain in focus
Wall Street stocks traded slightly higher early on Wednesday as Treasury yields remained firmly in focus.
FTSE 250 movers: M&S, Dunelm lose ground; NCC boosted by upgrade
London’s FTSE 250 was down 0. 3% at 18,761. 01 in afternoon trade on Wednesday.
FTSE 100 movers: AB Foods retreats; energy firms rally
London’s FTSE 100 was down 1% at 7,225. 19 in afternoon trade on Wednesday.
US trade balance narrows to nine-month low in July
The US trade balance narrowed by $10. 2bn in July to a nine-month low of $70. 7bn, according to the Bureau of Economic Analysis.
Eurozone economy grows more than initially estimated in Q2
The eurozone economy grew more than initially estimated in the second quarter, according to data released on Wednesday by Eurostat.
UK cost-of-living crisis has only just begun, says JPMorgan
JPMorgan said on Wednesday that the cost-of-living crisis for British consumers has only just begun.
Canaccord Genuity reiterates 'buy' rating on Equals Group following 'record' H1
Analysts at Canaccord Genuity retained their 'buy' rating on IT service management company Equals Group on Wednesday following the company's "record" first-half results.
Director dealings: Liontrust CEO linked to £1m transfer of shares
Liontrust Asset Management was the main attraction on an otherwise quiet Wednesday for director deals, with a number of transactions linked to chief executive John Ions.
US mortgage applications drop 0.8% week-on-week
Mortgage applications decreased 0. 8% in the week ended 2 September, according to the Mortgage Bankers Association of America.