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Thursday preview: US retail sales, ITM Power in the spotlight
Investors' focus on Thursday will be on a raft of US economic data which may be even more closely scrutinised than usual as the central bank's mid-September meeting approaches.
US close: Stocks higher following July CPI reading
Wall Street stocks closed higher on Wednesday as market participants digested key inflation data.
Europe close: Stocks rise after slightly softer-than-expected US CPI
European shares posted solid gains on Wednesday following the release of slightly weaker-than-expected US consumer price data for the month of July.
Broker tips: Synthomer, Beeks Financial Cloud
Analysts at Berenberg lowered their target price on chemicals company Synthomer from 375. 0p to 340. 0p on Wednesday after the group's interim earnings "delivered both grounds for hope and reasons for caution".
London close: Stocks rise as investors digest inflation data
London stocks ended Wednesday's session in positive territory, as investors reviewed the latest inflation figures from the UK and the US.
Canaccord Genuity stays at 'buy' on Beeks Financial Cloud
Canaccord Genuity stood by its 'buy' rating and 260. 0p target price on software and services firm Beeks Financial Cloud on Wednesday following a fresh update from the group.
Director dealings: Oxford Instruments CFO makes share sale
Oxford Instruments revealed on Wednesday that chief financial officer Gavin Hill had disposed of 28,071 ordinary shares in the London-listed manufacturing and research company.
FTSE 100 movers: Flutter surges on guidance upgrade; housebuilders gain
London’s FTSE 100 was up 0. 4% at 8,265. 20 in afternoon trade on Wednesday.
US open: Stocks mixed following July CPI reading
Wall Street stocks were mixed at the open on Wednesday as market participants digested key inflation data.
Beeks gets regulatory approval for Exchange Cloud contract
Beeks Financial Cloud, a provider of cloud computing and connectivity solutions for financial markets, announced on Wednesday that it has received regulatory approval for its Exchange Cloud contract with one of the largest exchange groups globally.
US CPI gains slow to 2.9% in July, core prices at 3.2%
The cost of living in the US rose in July at its slowest pace in over three years.
TomCo subsidiary agrees to sell TSHII membership interest
US-focussed oil development group TomCo Energy announced a proposed agreement for its wholly-owned subsidiary Greenfield Energy to sell its 10% membership interest in Tar Sands Holdings II for $1. 575m.
US pre-open: Futures little changed ahead of CPI reading
Wall Street futures were little changed ahead of the bell on Wednesday as market participants awaited key inflation data.
Victoria's Secret shares jump on new CEO, strong second quarter
Shares in lingerie and fashion giant Victoria’s Secret were rising early on Wednesday, after it announced the appointment of a new CEO, and reported preliminary quarterly results ahead of its previous forecasts.
Mars to buy Pringles maker Kellanova in $35.9bn deal
Mars confirmed on Wednesday that it has agreed to buy Pringles and Cheez-It maker Kellanova in a $35. 9bn deal.
Eurozone GDP grows 0.3% in second quarter
The eurozone economy grew by 0. 3% in the second quarter on a seasonally adjusted basis, according to a flash estimate published on Wednesday.
US mortgage applications surge 16.8pc
Mortgage applications surged 16. 8% in the week ended 9 August, according to the Mortgage Bankers Association, the sharpest week-on-week increase since January 2023.
Europe midday: Shares pare gains; Straumann surges on outlook upgrade
European shares pared gains at lunchtime as investors digested, eurozone data, a rise in UK inflation and the surprise resignation of Japanese Prime Minister Fumio Kishida.
Ixico raises expectations on new contract wins
Medical imaging advanced analytics technology company Ixico said in a trading update on Wednesday that it expected its financial performance to surpass market expectations, driven by new contract wins totaling £5. 8m since 31 March.