The US central bank kept all its main policy settings unchanged on Wednesday, as expected by analysts, including its commitment to continue purchasing very short-term Treasury bills at least into April.
Commodity prices followed government bond yields lower on Wednesday as investors waited on the US central bank's policy decision.
Spanish banking group Santander struck an upbeat note for 2020 on Wednesday, after it ended 2019 with a better-than-expected capital position.
Stocks in Europe extended the previous day's bounce - but only slightly - helped by positive results from tech giant Apple as they waited for the US central bank's policy decision.
All eyes will be on the Bank of England on Thursday, as rate-setters announce their policy decision.
London’s FTSE 100 was up 0. 01% at 7,481. 81 in afternoon trade on Wednesday.
London stocks traded just a touch higher on Wednesday as investors eyed the latest policy announcement from the Federal Reserve, with sentiment underpinned by solid quarterly results overnight from US technology giant Apple even as traders did their best to shrug off concerns about the new China coronavirus.
Severfield revealed on Wednesday that chief operating officer Ian Cochrane had disposed of one million ordinary shares in the London-listed engineering and contracting services firm.
Berenberg raised its target price on chemicals firm Elementis from 180p to 200p on Wednesday, stating that supply and demand in the speciality talc market was likely to improve over the next few years.
SpaceX is one step closer to an even more re-usable launch system on Wednesday after it managed to recover one of the halves of the fairing on the Starlink satellite launch.
Analysts at Berenberg raised their target price on chemicals firm Elementis from 180p to 200p on Wednesday, stating that supply and demand in the speciality talc market was likely to improve over the next few years.
US stocks opened on a mostly positive note on Wednesday amid ongoing fears about the Wuhan coronavirus and ahead of the FOMC's first policy meeting of 2020.
Lloyds banking group announced on Wednesday the closure of 31 Lloyds, 10 Halifax and 15 Bank of Scotland branches scheduled for between April and October of 2020.
Wind turbine sensor developer Windar Photonics has been granted €0. 24m (£0. 2m) in development funding from the Eurostars programme for its ‘LAWIS’ project.
McCarthy & Stone was under the cosh on Wednesday on news that private equity firm Anchorage Capital was placing 43m shares in the retirement housebuilder.
London’s FTSE 250 was up 0. 2% at 21,468. 29 in afternoon trade on Wednesday.
Multi-utility infrastructure and services provider Fulcrum Utility Services announced the appointment of Daren Harris as its chief executive officer on Wednesday, with immediate effect.
Avast said on Wednesday that it was "reviewing all options" relating to its trend analytics business, Jumpshot, following reports earlier in the week that it had been selling users’ web-browsing clicks.
Mineral exploration and development company Kodal Minerals has signed a memorandum of understanding with ASX-listed Mali Lithium, it announced on Wednesday.
Thor Mining updated the market alongside Arafura Resources on Wednesday, reporting maiden mineral resource estimates for the White Violet and Samarkand tungsten and copper deposits at Bonya, adjacent to Thor’s Molyhil tungsten and molybdenum project.
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