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Wednesday preview: US Fed decision, UK CPI in the spotlight
Wednesday will bring with it the week's key risk event, the Federal Reserve's policy announcement.
US close: Dow falls for ninth straight day as investors await FOMC
Wall Street's three main equity benchmarks were in the red on Tuesday after stronger-than-expected economic data, with the Dow extending its recent losing streak and the Nasdaq retreating from a record high.
Europe close: Stoxx 600 falls to two-week low
European stocks fell for the fourth straight session on Tuesday, with the Stoxx Europe 600 index slipping to a two-week low following stronger-than-expected economic data in the UK and US.
Broker tips: SThree, M&S, Hollywood Bowl
Jefferies cut its target price on SThree on Tuesday after the group's warning highlighted further downside to earnings for UK staffers.
London close: Stocks weaker as UK unemployment holds steady
London’s stock markets closed lower on Tuesday as fresh UK jobs data signalled a likely pause by the Bank of England in its interest rate policy this week.
FCA launches consultation on new private stock market PISCES
The Financial Conduct Authority has launched a consultation on proposals for a new stock market for private companies – the Private Intermittent Securities and Capital Exchange System or PISCES.
Director dealings: Admiral director raises stake
Admiral Group revealed on Tuesday that non-executive director Justine Roberts had acquired 1,044 ordinary shares in the FTSE 100-listed insurer.
Pfizer meets forecasts with 2025 guidance
Shares in pharmaceutical and biotech giant Pfizer were on the rise on Tuesday after the New York-based outfit delivered guidance for 2025 that met analysts' forecasts.
Kepler Cheuvreux starts Marks & Spencer at ‘buy’
Kepler Cheuvreux initiated coverage of Marks & Spencer on Tuesday with ‘buy’ rating and 467p price target.
US open: Stocks lower as investors look ahead to FOMC decision
Major indices opened lower on Tuesday as investors continued to await the outcome of the Federal Reserve's meeting and thumbed over a number of data points early on in the session.
US industrial output falls short in November
Industrial output in the US dropped unexpectedly last month, amid a downdraft in Mining and Utilities, whilst manufacturing staged a small bounce as the strike at Boeing ended.
FTSE 100 movers: Bunzl falls on update; LSEG lifted by upgrade
London’s FTSE 100 was down 0. 5% at 8,218. 94 in afternoon trade on Tuesday.
Jefferies lowers target prices on UK staffers following SThree's warning
Jefferies cut its target prices on Hays, Pagegroup and SThree on Tuesday, noting the latter's warning had highlighted further downside to earnings for UK staffers.
Cadence signs letter of intent to acquire stake in Iberian projects
Cadence Minerals announced on Tuesday that it has signed a letter of intent (LOI) with Hesperian Metals, to acquire up to a 40% stake in two exploration projects in Spain and Portugal focussed on tungsten, antimony, and gold.
Autos boost US retail sales in November
US retail sales grew more quickly than anticipated in November, in large part due to a jump in outlays for motor vehicles and parts.
Frasers CEO Murray nominated for seat on Hugo Boss supervisory board
Frasers Group said on Tuesday that its chief executive, Michael Murray, has been nominated for a role on the supervisory board of German fashion brand Hugo Boss, in which it owns a 15% stake.
Arrow Exploration reaches target depth at AB-1 well
Arrow Exploration announced on Tuesday that it has reached target depth on the Alberta Llanos-1 (AB-1) exploration well, located on the Tapir Block in Colombia's Llanos Basin.
US pre-open: Futures lower as traders continue to await FOMC decision
Wall Street futures were in the red ahead of the bell on Tuesday as investors continued to await the outcome of the Federal Reserve's meeting.
Ondine Biomedical to start phase three Steriwave clinical trial
Ondine Biomedical announced on Tuesday that it would begin its phase three ‘LANTERN’ clinical trial for its novel nasal photodisinfection technology, branded as Steriwave outside the United States.