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Thursday preview: ECB, German factory orders in focus
All eyes on Thursday will be on the European Central Bank's policy meeting.
US close: S&P 500, Nasdaq hit new highs as Nvidia leads tech stocks higher
US stocks rose strongly on Wednesday with the S&P 500 and Nasdaq both finishing at new record highs on the back a big surge in the share price of chipmaker Nvidia, which topped a new market cap $3 trillion.
Europe close: Stocks bounce back
European shares extended gains on Wednesday as a softer US jobs market report increased hopes of a cut in US interest rates, while investors also looked ahead to a similar move from the European Central Bank tomorrow.
London close: Stocks end on mixed note
London stocks finished on a mixed note, underperforming peers on the other side of the Channel and across the Pond.
Broker tips: Pearson, Future, Haleon
Citi opened a 90-day "positive catalyst watch" on Pearson shares on Wednesday as it pointed to an attractive risk/reward.
Bank of Canada cuts rates by 25 basis points, as expected
The Bank of Canada cut interest rates on Wednesday by 25 basis points, as widely expected.
Director dealings: Entain chairman raises stake
Entain revealed on Wednesday that chairman Barry Gibson had acquired 5,066 ordinary shares in the FTSE 100-listed sports betting group.
Centrica sees all units hitting medium-term earnings early
British Gas owner Centrica said trading was in line with expectations against the backdrop of a more “normalised” environment, with all retail supply and optimisation businesses to be within their medium-term sustainable adjusted operating profit ranges in 2024 - two years ahead of schedule.
US open: Stocks mixed as traders digest ADP reading
Wall Street stocks were mixed early on Wednesday as market participants digested a number of data points.
US services activity recovers in May, ISM says
Activity in the US services sector improved noticeably during the previous month, the results of a closely followed survey showed.
US services activity picks up in May, S&P says
Services sector activity in the States picked up noticeably midway through the second quarter of 2024, the results of a survey revealed.
FTSE 100 movers: Pearson boosted by Citi note; B&M in the red
London’s FTSE 100 was up 0. 5% at 8,271. 30 in afternoon trade on Wednesday.
HanesBrands to sell Champion to Authentic for up to $1.5bn
HanesBrands said on Wednesday that it has agreed to sell its Champion business to Authentic Brands Group for up to $1. 5bn.
SAP to snap up WalkMe in $1.5bn deal
German software giant SAP has agreed to buy WalkMe in a $1. 5bn deal, it was confirmed on Wednesday, sending shares in the Israel-based firm soaring.
US private sector adds fewer jobs than expected in May - ADP
Private sector employment in the US rose less than expected in May, according to figures released on Wednesday by ADP.
Berenberg starts coverage of Haleon at 'buy'
Berenberg initiated coverage of consumer health company Haleon on Wednesday with a ‘buy’ rating and 407p price target.
Google must face £13.6bn lawsuit over advertising, court rules
A £13. 6bn lawsuit brought against Google over its dominance in the online advertising market will go ahead, a UK court ruled on Wednesday.
Europe open: Shares up on US rate cut boost, eyes on ECB
European shares made a solid start to trade on Wednesday as a softer US jobs market report increased hopes of a cut in US interest rates, while investors also looked ahead to a similar move from the European Central Bank tomorrow.
Berenberg upgrades Taylor Wimpey to 'buy'
Berenberg has upgraded Taylor Wimpey to ‘buy’ following a review of UK housebuilders ahead of next month’s general election.