Market Pulse
US close: Stocks drop after Fed rate decisions, Apple and Boeing weigh
US stocks finished the session comfortably lower, with traders piling on the pressure following a non-committal policy statement from the US Federal Reserve as losses in shares of Apple weighed on all three of the main US market gauges.
US Federal Reserve keeps rates on hold, watching global developments
The US central bank kept its main policy rates unchanged, as had been widely anticipated, with most pundits initially taking the view that the door to an interest rate hike come March, when its policy committee was next scheduled to meet, had been left open. Remember: The last time we saw #EURUSD pop up so hard was at the December FOMC meeting. signalled the top too #forex — Ashraf Laidi (@alaidi) January 27, 2016.
Saudi Arabia approaches Russia about oil output cuts, report claims
Saudi Arabia approached the Russian Federation about possible oil output cuts within the framework of the Organisation for Petroleum Exporting Countries, Transneft chief Nikolai Tokarev said on Wednesday, according to a report from TASS.
European Commission and Italian banks reach deal on bad bank
The European Commission and Italian authorities reached a deal on Wednesday which it is hoped will help restore the flow of credit to the country´s businesses.
Sector Movers: Resource stocks extend gains
Resource stocks, led by Glencore, rose further on Wednesday, as metal and oil futures stayed in positive territory.
Commodities: Oil futures hold above $31/bbl even as US stockpiles rise
Oil futures stayed well clear of $31 per barrel mark on Wednesday, despite registering declines for much of the Asian and early European session.
Wednesday broker round-up
Aldermore Group: Investec reiterates buy recommendation and keeps target price at 325p.
Europe close: Stocks rise ahead of Fed announcement
European stocks finished higher following a weak start to trading on Wednesday ahead of the US Federal Reserve’s interest rate announcement and as crude oil futures bounced back.
Gaming Realms talks up its 2015 growth
Gaming Realms was celebrating significant growth in 2015 on Wednesday, as it updated the market ahead of its full-year results.
Premaitha expands prenatal product into two new markets
Premaitha Health was expanding its popular prenatal screening product's reach on Wednesday, announcing two new service contracts with customers in Armenia and the Republic of Moldova.
Petrol now cheaper in Texas than Abu Dhabi
The volatile oil market led to a rare celebration among Texan motorists this week - it became cheaper to fill up in Houston than in Abu Dhabi for the first time since 2008.
BGL Group mulls IPO on LSE
BGL Group, the insurance company that owns price comparison website Compare The Market, is mulling a flotation on the London Stock Exchange.
Carpetright execs open wallets and back company
Two Carpetright executives have upped their stake in the company to show their confidence in the business following a mixed third quarter.
London close: Stocks rebound as oil prices edge higher
UK stocks rebounded at the closing bell on Wednesday from declines earlier in the session as oil prices swung higher.
Libor jury acquits six brokers in SFO trial
Six former ICAP, Tullet Prebon and RP Martin brokers have been acquitted of rigging the Libor benchmark rate.
FX Roundup: Dollar drops ahead of Fed decision
The dollar headed lower against the euro and a basket of commodity linked currencies on Wednesday, ahead of the conclusion of the US Federal Reserve’s monetary policy meeting.
Nomura upgrades Cineworld on valuation grounds
Nomura upgraded Cineworld to ‘buy’ from ‘neutral’ with an unchanged price target of 588p saying the valuation is now attractive.
US oil stockpiles jump in latest week, DoE says
US crude oil stockpiles jumped by 8. 4m barrels over the week ending on 22 January, according to the Energy Information Administration, the Department of Energy´s statistical arm.
US open: Stocks decline ahead of FOMC rate decision
US stocks were sitting lower on Wednesday ahead of the Federal Reserve’s interest rate announcement.
Minds + Machines announces China expansion
Chinese webmasters had a number of new domains to look forward to on Wednesday, with the announcement that Minds + Machines Group was expanding into the market.