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Friday preview: US, euro area inflation data in focus
The flow of economic data will pick up at the end of the week with inflation readings due out on either side of the Atlantic.
Retail footfall resilient in August despite riot disruption
Retail footfall across the UK experienced a slight decline of 0. 4% year-on-year in August, according to fresh BRC-Sensormatic IQ data released on Friday morning.
US close: Dow rises but markets mixed as investors digest earnings, GDP data
US stock markets finished in mixed fashion on Thursday, with sharp falls for Nvidia weighing on both the S&P 500 and Nasdaq, while the Dow Jones Industrial Average managed to eke out another record.
London close: Stocks mixed as investors digest fresh US data
London's stock markets closed in a mixed state on Thursday, as investors reacted to fresh economic data from the United States, including the latest GDP and jobless claims numbers.
Europe close: Stocks boosted by falling inflation as Stoxx 600 nears record high
European stocks rose for the third straight day on Thursday, with the Stoxx 600 ending just inches away from its record high, as data showing falling inflation increased the odds of a rate cut by the European Central Bank in September.
Broker tips: Close Brothers, Bunzl
Close Brothers surged on Thursday as RBC Capital Markets upgraded the shares to 'outperform' from 'sector perform' and hiked the price target to 620. 0p from 375. 0p, citing a number of potential catalysts.
Director dealings: Pantheon International director raises stake
Pantheon International revealed on Thursday that non-executive director John Burgess had acquired 166,038 ordinary shares in the FTSE 250-listed investment trust.
US pending home sales plunge to record low
Pending home sales in the US unexpectedly dropped in July to a record low, as elevated interest rates continued to limit affordability.
Birkenstock shares tank as record quarterly growth underwhelms
US-listed shares of Birkenstock plunged on Thursday after the German sandal maker underwhelmed investors with a record third-quarter performance, as it narrowly missed consensus forecasts with its top line.
FTSE 100 movers: Whitbread boosted by upgrade; Diageo goes ex-div
London’s FTSE 100 was up 0. 4% at 8,378. 49 in afternoon trade on Thursday.
US open: Stocks higher as traders thumb over multiple data points
Wall Street stocks were firmly in the green at the open on Thursday as market participants thumbed over a number of key macro points early on.
FTSE 250 movers: Close Bros surges on upgrade; IG slips after sale
FTSE 250 (MCX) 21,077. 53 0. 05%.
ECB rate-cut expectations rise as German inflation hits three-year low
German inflation dropped its lowest level in more than three years this month, unexpectedly falling below the 2% target set by the European Central Bank.
US initial jobless claims fall to 231,000
Americans lined up for unemployment benefits at a decelerated pace in the week ended 24 August, according to the Department of Labor, but remained well above the average seen earlier in the year.
US GDP growth revised higher for second quarter
The annual rate of economic growth in the US more than doubled in the second quarter, according to revised estimates from the Bureau of Economic Analysis on Thursday.
Sainsbury's to buy 10 Homebase stores
Sainsbury’s said on Thursday that it has agreed to buy 10 leasehold stores from HHGL Limited, trading as Homebase, for conversion into supermarkets.
Best Buy lifts profit guidance after Q2 comparable sales beat
Best Buy hiked its profit forecast for the year on Thursday, amid a positive shift in consumer demand for electronics.
US pre-open: Futures trade higher following Nvidia Q2 earnings
Wall Street futures were in the green ahead of the bell on Thursday as market participants prepared for a number of data points scheduled for release later in the day.
Frenkel Topping flags solid revenue growth despite challenges
Frenkel Topping Group, a specialist financial and professional services firm in the personal injury and clinical negligence markets, reported solid revenue growth for the first half of the year in an update on Thursday, despite facing challenges within one of its subsidiaries.
Dollar General shares slide as it downgrades full-year forecast
Shares in Dollar General were sliding in early trade on Thursday, after the retailer revised its annual sales and profit forecasts downward, citing a reduction in consumer spending on discretionary items.