Market Pulse
US close: Fed decision and economic data sends markets down
US stocks dropped on Thursday as traders processed the Federal Reserve's decision to raise interest rates for the first time in nearly a decade alongside the latest current account figures.
The US Fed is too late to avoid another meltdown, SocGen´s Edwards says
The Federal Reserve, under Janet Yellen, waited too long to raise rates if she wanted to avoid another meltdown in the global financial system, Societe Generale strategist Albert Edwards said.
Sector movers: Resource stocks struggle but financials nudge London market higher
Resource stocks remained under pressure on Thursday, but a strong performance by financial and banking services listings saw the London market close proceedings on a positive note.
Temasek will wait before deciding on StanChart stake
Standard Chartered got a boost from a report that a sovereign wealth fund was willing to give it more breathing room to successfully complete its turnaround, before deciding what to do with its stake in the lender.
Commodities: Oil, gold head lower after Fed decision
Oil and gold futures took a hammering on Thursday, following the US Federal Reserve’s decision to raise benchmark interest rates by 25 basis points.
Europe close: Stocks end off best levels of the day
European stocks finished higher, but off their best levels of the day, as investors welcomed the Federal Reserve’s first rate hike in nearly a decade and reassurance that the tightening path will be gradual.
Restore gobbles up Diamond Relocations
A major expansion for Restore, as it confirmed a takeover of one of its South London rivals on Thursday.
London close: Stocks end higher after better-than-forecast UK retail sales
The FTSE 100 gained 0. 69% to 6,103 points at close of trading on Thursday after better-than-expected UK retail sales data.
Putin insults Turkey but praises Trump at conference
Russian President Vladimir Putin on Thursday insulted Turkey with crude language over the shooting down of a Russian military jet but offered Donald Trump praise.
Noricum Gold begins new Georgia drill programme
Noricum Gold was hoping to strike it lucky on Thursday, as it announced the start of a new drilling programme in the Caucasian region.
Interest rate markets functioning smoothly on day one after Fed hike
The decision by the US central bank to hike its main policy rate appeared to be having its intended effect on short-term market interest rates, soothing worries regarding the effectiveness of the Fed´s policy levers in the post-QE world.
IMF chief Lagarde asked to stand trial in France over Tapie case
French judges ordered that International Monetary Fund managing director Christine Lagarde stand trial over accusations of alleged negligence in the payout of €400m (290m pounds) to businessman Bernard Tapie while she was the country´s finance minister, according to reports.
FX Roundup: Dollar up against major crosses after Fed decision
The dollar rose against a basket of global currencies on Thursday, with the US Federal Reserve raising benchmark interest rates by 25 basis points.
Apple names first COO in four years
Apple named its first chief operating officer in four years on Thursday, as part of an end-of-year executive shuffle.
Infamous drug entrepreneur arrested in New York
The so-called "most hated man on the internet" was arrested in the US early on Thursday morning, on securities fraud charges related to a company he founded.
US open: Stocks mixed on Fed rate hike, US data
US stocks were mixed on Thursday as traders continued to process the Federal Reserve’s decision to raise interest rates for the first time in nearly a decade.
US leading indicators up more than expected in November
The US Conference Board’s leading economic indicators rose more than expected in November.
FTSE 250 movers: Entertainment One deal boosts share price
The FTSE 250 was up on the back of Wednesday night’s rate hike from the Federal Reserve, up 122. 43 points (0. 72%) to 17,198. 37 by mid-afternoon Thursday.
Domino's Pizza given boost by Berenberg upgrade
Domino’s Pizza’s shares jumped on Thursday after Berenberg raised its rating to ‘buy’ from ‘hold’ and raised its target price to 1200p from 900p.
Broker tips: ASOS, Domino's Pizza, top picks in oil and gas
Peel Hunt upgraded ASOS to ‘buy’ from ‘hold’ and raised the price target to 4,000p from 3,750p.