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US close: Stocks rise on hopes Fed will press pause
After a tentative start, US stocks finished Friday’s session with decent gains after the head of the Federal Reserve failed to drop any new bombshells on the market during a much-anticipated speech.
Europe close: Shares slip on Powell inflation remarks; WoS tanks
European shares closed marginally lower on Friday after US Federal Reserve chair Jerome Powell told the Jackson Hole symposium in Wyoming rates could rise again to quell inflation he thought was "still too high".
London close: Gains erased as Fed chair gives cautious outlook
UK stocks reversed earlier gains to trade broadly flat by the close on Friday, as comments from Federal Reserve chair Jerome Powell at the closely watched Jackson Hole conference dampened risk appetite.
Weekly review
The FTSE 100 ended the week up 76. 15 points, or 1. 05%, closing at 7,338. 58 on Friday.
CMC Markets shares slump on operating income warning
Financial trading platform CMC Markets said annual net operating income would be lower than last year as revenues continued to fall in a "challenging" environment.
Powell warns inflation still 'too high'
US interest rates could still be on the way to battle inflation that is "too high", Federal Reserve Chair Jerome Powell warned on Friday.
FTSE 250 movers: WoS tanks after Rolex deal; Aston Martin accelerates
Shares in Watches of Switzerland slumped by a fifth after news that Rolex had bought jeweller Bucherer AG.
FTSE 100 movers: Subdued market sees little corporate action
London stocks were firmer by midday on Friday as investors turned their attention to the Jackson Hole symposium in Wyoming, in particular speeches by Federal Reserve chair Jerome Powell and ECB president Christine Lagarde.
Director dealings: BT non-exec, Aquila Services chair buy shares
BT Group was on the list of director purchases on Friday, after a non-executive director picked up almost $0. 1m worth of shares.
US Open: Shares start higher with all eyes on Powell speech
US stocks rose at the open on Friday as Wall Street investors awaited Federal Reserve Chairman Jerome Powell’s Jackson Hole speech.
Europe midday: Shares rally ahead of Jackson Hole; WoS tanks on Rolex deal
European shares rallied after a tepid start on Friday as investors awaited the speeches by Federal Reserve chair Jerome Powell and ECB president Christine Lagarde at the Jackson Hole symposium in Wyoming for any clues on the future path of interest rates.
London midday: Stocks firmer ahead of Powell, Lagarde speeches
London stocks were firmer by midday on Friday as investors turned their attention to the Jackson Hole symposium in Wyoming, in particular speeches by Federal Reserve chair Jerome Powell and ECB president Christine Lagarde.
Europe open: Shares muted as investors await Jackson Hole outcomes
European shares opened slightly lower on Friday in muted trade as investors awaited the speeches by Federal Reserve chair Jerome Powell and ECB president Christine Lagarde at the Jackson Hole symposium in Wyoming.
US pre-open: Quiet start expected as markets await Powell speech
Futures on Wall Street were pointing to a subdued start on Friday, following heavy losses the previous session, as investors waited with caution for news coming out of the Jackson Hole Economic Symposium.
IX Net Zero-linked Enphys looks to extend combination deadline
Energy transition investor IX Net Zero announced on Friday that its associate company, Enphys Acquisition Corporation, has taken preliminary steps to extend its deadline for initiating a business combination.
German business sentiment deteriorates further
German business sentiment deteriorated further in August, according to a survey released on Thursday by the Ifo Institute.
Falcon Oil's Australian partner completes farm-in commitments
Falcon Oil & Gas announced on Friday that its subsidiary, Falcon Australia, had received confirmation from its joint venture partner Tamboran regarding the completion of its 2014 farm-in commitments.
Premier African raising £4m as it advances Zulu project
Premier African Minerals announced a decision to raise £4m before expenses on Friday, to help with the ongoing development of Zulu.
Barclays expects strong H1 from Tesco, raises target price
Barclays has raised its target price for shares of Tesco ahead of the retailer's first-half results next month.
Asia report: Stocks slide ahead of Jackson Hole, Tokyo inflation rate shrinks
Markets in the Asia-Pacific region recorded significant declines on Friday, as investors reacted to the latest inflation figures from Tokyo, and awaited potential cues on US monetary policy from the Jackson Hole meeting.