Thursday preview: TSMC results, UK GDP in focus
Thursday will see the release of a first-quarter trading update from homeware retailer Dunelm and UK GDP data.
Europe close: Stocks gain despite higher-than-expected US inflation
European stocks ended up on Wednesday as investors shrugged off a higher-than-expected US inflation reading that raised expectations of a rate hike by the Federal Reserve this month.
London close: FTSE rises as investors shrug off hotter-than-expected US inflation
London stocks rose on Wednesday as investors shrugged off a hotter-than-expected US inflation print, focusing instead on comments from Bank of England chief economist Huw Pill who suggested market expectations of four rate hikes over the next year were unlikely to materialise.
Broker tips: Oxford Instruments, Pennon
Analysts at Berenberg lowered their target price on Oxford Instruments to 2,840p from 3,000p, noting the recent strength in order intake now looks largely priced in.
FTSE 100 movers: Barratt Redrow rallies; Fresnillo loses its shine
London’s FTSE 100 was up 0. 4% at 10,696. 83 in afternoon trade on Wednesday.
Director dealings: Convatec non-executive director makes share purchase
Convatec revealed on Wednesday that non-executive director Jens Viebke had acquired 24,400 ordinary shares in the FTSE 100-listed medical products and technology firm.
US open: Stocks mixed following September CPI reading
Wall Street trading got off to a mixed start on Wednesday as traders digested September's consumer price report and another batch of bank earnings.
FTSE 250 movers: Housebuilders up on bond yield fall; Softcat slips
FTSE 250 (MCX) 24,408. 29 0. 28% .
Berenberg lowers target price on Oxford Instruments
Analysts at Berenberg lowered their target price on Oxford Instruments to 2,840p from 3,000p, noting the recent strength in order intake now looks largely priced in.
Morgan Stanley reports solid Q3 earnings beat
Morgan Stanley posted a solid third‑quarter beat on Wednesday, driven by a standout performance in its equities trading unit.
Robert Walters returns to net fee growth in Q3
Recruiter Robert Walters reported a return to net fee growth in the third quarter on Wednesday as it hailed another strong performance in the UK and said full-year results would be "at least" in line with market expectations.
US CPI rises 0.6pc in September
US consumer prices rose 0. 6% month-on-month in September, according to the Bureau of Labor Statistics, accelerating from August's 0. 4% gain.
Bank of America profits fall 17% after $1.2bn money laundering penalty
Bank of America reported a 17% decline in third-quarter profit after taking a $1. 2bn charge linked to a major US anti-money laundering settlement, with the regulatory penalty overshadowing an otherwise mixed set of results.
BlackRock posts jump in third-quarter profit
BlackRock reported a rise in third-quarter profit on Wednesday as assets under management grew.
US mortgage applications fall 2.7pc to 21-month low
US mortgage applications fell by 2. 7% in the week ended 9 October, according to the Mortgage Bankers Association of America.
US pre-open: Futures mixed as traders eye CPI, fresh bank earnings
Wall Street futures were mixed ahead of the opening bell on Wednesday as as traders awaited September's consumer price report and digested another batch of bank earnings.
London midday: FTSE gains as housebuilders rally; US CPI eyed
London stocks had extended gains by midday on Wednesday, with housebuilders and property companies pacing the advance, as investors eyed a key inflation reading across the pond and more US bank earnings.
Europe midday: ASML-led tech rally helps boost Stoxx
European shares shrugged off a weak Wall Street session and mixed Asian markets overnight to post gains on Wednesday driven by a rally in tech stocks.
Jefferies upgrades Pennon to ‘buy’
Jefferies upgraded Pennon to ‘buy’ from ‘hold’ on Wednesday but cut the price target to 380p from 500p.
Discoverie lifts FY guidance after strong H1 performance
Electronic components manufacturer DiscoverIE said on Wednesday that first‑half trading remained strong, prompting an earnings upgrade, with organic sales up 8% and orders surging 22%.