Market Pulse
Europe midday: Autos push equity markets higher as investors digest data
European stocks rose on Wednesday, with autos pacing the advance as investors digested a series of data releases.
US pre-open: Futures rally ahead of ADP data and Fed speakers
US stock futures rallied on Wednesday, taking their lead from Asian and European equity markets ahead of another raft of economic data.
HSBC upgrades Shire but concerns remain over lifitegrast, Baxalta
HSBC upgraded Shire to ‘hold’ from ‘reduce’, noting that the shares have fallen below its unchanged price target of 4,734p.
London midday: Stocks gain despite downward revision of UK GDP
London stocks gained as investors shrugged off a downward revision to second quarter UK gross domestic product and a report showing the Eurozone entered deflation in September.
Asia: Equities rebound but on track for worst quarterly performance since recession
Asian stocks recovered from the previous session’s losses on Wednesday, but remained on track for one of their worst quarterly performances since the recession.
Victrex rallies as Liberum initiates stock at 'buy' following selloff
Shares in polymer solutions company Victrex rallied after Liberum initiated coverage of the stock at ‘buy’ with a 2,200p price target.
Eurozone consumer price index falls 0.1% in September
The Eurozone's annual consumer price index fell 0. 1% in September compared to a 0. 1% increase in August, Eurostat's flash estimate revealed on Wednesday.
RM2 to raise £30m as losses widen
RM2 International said it planned to raise £30m through a share placing as it reported wider first half losses.
UBS ups HSBC to 'buy', says risk/reward has shifted to upside
UBS upgraded HSBC to ‘buy’ from ‘neutral’ saying the risk/reward on the shares has shifted to the upside.
Orogen Gold appoints new CEO; board reshuffled
Orogen Gold has appointed Colin Bird to the role of chief executive, the AIM-listed company said on Wednesday as it announced several board changes.
Japanese housing starts beat forecasts in August
Japan’s housing starts grew more than expected in August, rising for the sixth consecutive month, official data released on Wednesday showed.
Eurozone unemployment rate steady in September
The Eurozone unemployment rate was steady in September, according to figures released by Eurostat on Wednesday.
UK GDP revised lower in the second quarter
The UK economy grew less than expected in the second quarter, data released on Wednesday showed.
Japanese industrial production slumps in August
Japanese industrial production suffered an unexpected decline in August, data released on Wednesday showed.
Digital Barriers wins new US law enforcement contract
Digital Barriers has secured another TVI surveillance contract with a major US federal law enforcement agency worth $1. 2m (£0. 79m), the company announced Wednesday.
Topps Tiles expects solid increase in full-year sales
Topps Tiles expects its revenue for the 53-week period ending 3 October to be in the region of £212m, up from £195. 2m in the same period last year.
German unemployment unexpectedly rises in September
German unemployment registered a small, albeit unexpected increase in September.
German retail sales decline unexpectedly in August
German retail sales suffered an unexpected monthly decline, although a sharp yearly increase indicated private consumption remains a key driver for the German economy.
Ryanair applies for slots at Paris Roissy and Orly
Low-cost airline Ryanair has reportedly applied for slots at Paris Roissy-Charles de Gaulle and Orly airports and has expressed willingness to cooperate with long-haul traditional airlines.
Japanese retail sales miss forecast in August
Japanese retail sales rose less than expected in August, figures released overnight on Tuesday showed.