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US close: Stocks extend gains as Fed keeps rates unchanged
US stocks raced ahead on Wednesday afternoon after the Federal Reserve kept interest rates unchanged, while weaker-than-expected economic data eased concerns of an overheating economy.
Fed leaves interest rates on hold for second straight meeting
The Federal Reserve has held interest rates steady on Wednesday for the second straight meeting, with chair Jerome Powell saying that policymakers would be patient before making any further moves.
London close: Stocks rise ahead of US Fed policy decision
London’s stock market finished in positive territory on Wednesday, with investors keeping a keen eye on the upcoming policy announcement from the US Federal Reserve.
Europe close: Stocks extend gains after solid start on Wall Street
Europe's stock markets built on gains in afternoon trade as weaker-than-expected US economic data raised hopes that the Federal Reserve might soon call time on its monetary-tightening cycle.
Broker tips: Asos, BP, Segro, Great Portland Estates
Analysts at Berenberg reiterated their 'buy' rating on retailer Asos on Wednesday but lowered their target price on the stock from 760. 0p to 600. 0p even as it said the group was "all geared for growth".
FTSE 250 movers: TP Icap recovers; Aston Martin slumps
London’s FTSE 250 was up 0. 7% at 17,203. 28 in afternoon trade on Wednesday.
Director dealings: Ascential CEO offloads shares
Ascential revealed on Wednesday that chief executive Duncan Painter had disposed of 80,610 ordinary shares in the FTSE 250-listed business-to-business media firm.
Chinese manufacturing contracts for third straight month, Caixin PMI shows
China's manufacturing industry contracted in October for the first time in three months, according to the Caixin-sponsored purchasing managers' index released on Wednesday.
US construction spending rises for ninth month in a row
US construction spending increased for the ninth straight month in September, according to figures released on Wednesday by the Commerce Department.
Job openings little changed in September, JOLTS survey shows
Job openings in the US were little changed in September, according to data released on Wednesday by the Bureau of Labor Statistics.
US open: Stocks rise on weak data as bond yields drop
US stocks rose strongly on Wednesday morning as investors mulled over weak economic data, sinking bond yields and details of Treasury bond sales, ahead of the conclusion of the two-day Federal Open Market Committee meeting.
FTSE 100 movers: Next rallies on guidance upgrade; Croda hit
London’s FTSE 100 was up 0. 6% at 7,368. 30 in afternoon trade on Wednesday.
Aston Martin cuts full-year volume outlook, shares slide
Aston Martin Lagonda posted a wider-than-expected third-quarter loss on Wednesday as it downgraded its volume outlook for the year, sending shares in the luxury car maker tumbling.
US manufacturing sector contracts in October - ISM
The US manufacturing sector unexpectedly contracted in October, according to data released on Wednesday.
Devolver Digital acquires System Era in $40m deal
Digital publisher and indie video game developer Devolver Digital announced the acquisition of System Era Softworks on Wednesday for a total consideration of up to $40m.
Creo Medical gets US FDA clearance for Speedboat UltraSlim
Medical device company Creo Medical Group announced on Wednesday that it has received 510(k) clearance from the US Food and Drug Administration (FDA) for its Speedboat UltraSlim device.
SysGroup revenue falls despite steady trading
Managed IT services provider SysGroup reported a steady first-half trading performance in an update on Wednesday, with notable growth in high-value managed IT services revenue.
S&P Global US manufacturing PMI ticks up in October, as expected
Manufacturing conditions in the US stabilised in October, according to a survey released on Wednesday.
Berenberg lowers target price on Asos
Analysts at Berenberg reiterated their 'buy' rating on retailer Asos on Wednesday but lowered their target price on the stock from 760. 0p to 600. 0p even as it said the group was "all geared for growth".
Agronomics investee BlueNalu completes series B round
Cellular agriculture investor Agronomics announced a significant development in its partnership with BlueNalu on Wednesday.