Market Pulse
US close: Stocks rally as Fed hints at possible rate hike in December
US stocks rallied on Wednesday, after the Federal Reserve signalled its intention to keep interest rates unchanged but hinted a hike would be possible at the December meeting.
Bonds: Gilts underperform as Blackrock sounds hawkish note
These were the movements in some of the most widely followed longer-term sovereign bond yields: .
Sector movers: Precious metal, oil and pharma stocks trade higher
The London market edged higher on Wednesday, propped up by precious metal, oil and pharmaceutical stocks.
Europe close: Stocks rise ahead of Fed meeting
European stocks finished higher ahead of the US central bank´s policy announcement which was due out later in the day amid a slew of corporate results.
London close: Stocks rally ahead of Fed's interest rate decision
The London stock market closed higher on Wednesday before the Federal Reserve’s decision on interest rates.
Director Deals: Computacentre chairman Lock builds stake
Greg Lock, chairman of Computacentre, has been building up a small stake in the company over the days since the company's unspectacular results.
Commodities: Oil in intraday rally, base metal futures tumble
Oil benchmarks traded higher on Wednesday following overnight declines, while base metal futures took another tumble in European trading.
US inventory data sparks short covering, oil futures spike higher
News of a dip in the pace at which oil stocks were building in the world´s largest economy led to a sharp bounce in crude futures.
Wednesday newspaper tips round-up: BP, St.James´s Place
At what price might BP be forced to cut its dividend? That´s not what matters, the Financial Times´s Lex column said. Indeed, rival Eni reduced its payout but its stock has outperformed that of its rivals so far this year.
FX Roundup: Dollar falls against major crosses
The dollar was down against a basket of global currencies on Wednesday, prior to the conclusion of the US Federal Reserve’s two-day monetary policy meeting later in the session.
Pantheon Resources surges after oil and gas flow from Texas well
US-focused oil explorer Pantheon Resources impressed with the “transformational” results of flow-testing from one of its 50%-owned well in Polk County, onshore East Texas, showing the potential for commercially viable extraction of gas and oil.
Lekoil raises $46m to acquire stake in Nigerian project
Oil and gas explorer Lekoil has raised $46m to back its planned acquisition of a project in Nigeria.
Nintendo reaffirms full-year guidance despite decline in quarterly profit
Videogame maker Nintendo reported a decline in second quarter profit, although it reiterated its full-year guidance.
FTSE 250 movers: Just Retirement boosted by CMA merger clearance
After an initial stumble, the FTSE 250 fought its way back into positive territory over the day,.
House prices in England and Wales jump to six-month high in September
House prices in London continued to skyrocket in September, official figures released on Wednesday showed.
BT acquisition of EE approved by CMA
BT's £12. 5bn acquisition of the EE mobile network has been provisionally approved by UK competition officials unconditionally and without remedies.
FTSE 100 movers: Glaxo jumps on results; Meggitt tumbles after profit warning
London’s FTSE 100 index was up 0. 8% to 6,415. 65 at 1400 GMT as investors awaited the Federal Reserve’s policy announcement, which is due after the European close.
Thursday preview: US GDP growth expected to slow in third quarter
US economic growth is forecast to slow considerably in the third quarter following a recent batch of weak data.
Bwin's revenue drops as EU VAT charges weigh on results
Online gaming group Bwin. Party Digital Entertainment reported a decline in revenue in the first nine months of the year, as the impact of VAT charges from the European Union weighed on its results.
Heineken third-quarter revenue beats expectations
Dutch brewer Heineken posted a jump in third-quarter profit and revenue as it benefited from a warm summer and strong sales in Europe and the Americas.