The focus on Thursday will shift to the Bank of England, which is expected to boost the size of its asset purchase facility by £110bn, followed later in the session by the US Federal Reserve which may also signal that further quantitative easing is in the pipeline.
Defensives paced Wednesday's rally from an early drop as investors woke up to find the result of the US presidential elections were still being hotly contested.
Wall Street stocks closed sharply higher on Wednesday despite results of the US presidential election remaining unclear.
European shares recovered from early morning drop to trade sharply higher, despite no clear outcome in the US presidential election as of yet and weak industry data across the euro zone suggesting a double dip recession.
London stocks finished higher with investors seemingly brushing off the as yet inconclusive US election results, although a 'clean sweep' of the White House and Congress by Democrats was now off the table.
Royal Mail surged on Wednesday as JPMorgan Cazenove upgraded the stock to ‘overweight’ from ‘neutral’ and lifted the price target to 374. 0p from 253. 0p, saying it sees a potential strong improvement in trading over the next 18 months, due in part to an improved revenue outlook.
Shares in drugmaker Biogen surged on Wednesday after the Food and Drug Administration seemingly indicated that its Alzheimer’s drug was sufficiently safe and effective.
Associated British Foods revealed on Wednesday that chairman Michael McLintock had purchased 9,000 ordinary shares in the FTSE 100-listed food processor and retailer.
The FTSE 250 was up 1. 3% at 17,725. 60 in afternoon trade on Wednesday as investors reacted to the US election results.
Wall Street stocks opened sharply higher on Wednesday despite results of the US presidential election remaining unclear.
Activity in the US services sector slowed a little in October, according to data released on Wednesday.
Premier Foods confirmed on Wednesday that it is in talks over the sale of its 49% stake in bread maker Hovis.
London’s FTSE 100 was up 1. 2% at 5,856. 39 in afternoon trade on Wednesday as investors mulled the results of the US election so far.
Activity in America's services sector accelerated last month at its fastest clip since April 2015, the results of a closely-followed survey revealed.
America's shortfall on trade with the rest of the world narrowed a bit more than expected in September.
John Lewis Partnership is cutting 1,500 head office jobs and parting ways with the last member of the group's founding family working in the business as it seeks to return to profit.
Private sector employment in the US grew a lot less than expected in October amid a rise in coronavirus infections, according to the latest figures from the ADP.
Broadcaster STV Group said on Wednesday that advertising revenues had improved at a better than expected rate in the third quarter on the back of a stronger viewing performance in the period.
Analysts at Berenberg slightly raised their target price on aerospace and defence firm Chemring from 300. 0p to 320. 0p on Wednesday, stating cash was "king".
Lloyds Banking Group is slashing more than 1,000 jobs in its latest round of redundancies since job cuts were briefly shelved during the first Covid-19 wave.
Important Legal Notice about News Sources: Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news and we may not share the views of the author or publisher. We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.