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US close: Stocks rally for fourth straight day
Wall Street stocks closed higher on Thursday as Joe Biden appeared to be zeroing in on an election victory.
Fed stands pat
Federal Reserve policymakers decided to stand pat but some economists saw more quantitative easing coming markets' way in the not too distant future.
Friday preview: US jobs data, Presidential elections in focus
All eyes at the end of the week will be on the US non-farm payrolls report for October, with investors looking for signs that even modest job growth can be sustained, or not, until new fiscal stimulus is approved by Congress.
Europe close: Shares climb as US election uncertainty appears to clear a little
European shares continued to gain altitude on Thursday as Joe Biden inched towards the White House although the count in key states continued amid threats of legal challenges by President Donald Trump.
London close: Stocks extend gains
London stocks finished higher again on Thursday as investors bet that Democrat Joe Biden will win the US election, and after the Bank of England announced a bigger-than-expected boost to its bond-buying programme.
Broker tips: Cerillion, Watches of Switzerland, Persimmon
Analysts at Canaccord Genuity initiated coverage of software firm Cerillion with a 'buy' rating and 350. 0p target price on Thursday.
Director dealings: Metro Bank CEO ups stake
Metro Bank revealed on Thursday that chief executive Daniel Frumkin had acquired 1. 85m ordinary shares in the London-listed bank.
FTSE 250 movers: Trainline chugs higher after update; Coats hit by downgrade
London's FTSE 250 was up 1% at 17,981. 49 in afternoon trade on Thursday.
US labour productivity extends rebound in Q3, labour costs plummet
Labour productivity in the US extended the prior quarter's sharp rise over the three months to September as economic activity rebounded.
US open: Stocks rally for fourth straight session as votes continue to be counted
Wall Street stocks opened higher on Thursday as Joe Biden appeared to be closing in on an election victory.
FTSE 100 movers: Homeserve boosted by broker note; Aveva falls
London’s FTSE 100 was up 0. 5% at 5,914. 74 in afternoon trade on Thursday.
Initial jobless claims little changed last week
Americans continued filing for unemployment claims at an accelerated pace last week, even if a tad less quickly.
Sunak U-turn extends furlough until end of March
The Chancellor has bowed to pressure by extending his Covid-19 furlough programme for five months with England in a second lockdown to stem the virus's spread.
UK finance chiefs gloomier before lockdown - BoE survey
UK finance chiefs were gloomier about the outlook for business and the economy even before the second Covid-19 lockdown, a Bank of England survey showed.
New car registrations fall in October as Welsh 'firebreak' lockdown subdues demand
New car registrations declined across the UK in October as the Welsh "firebreak" lockdown subdued demand.
Canaccord Genuity initiates coverage on Cerillion at 'buy'
Analysts at Canaccord Genuity initiated coverage of software firm Cerillion with a 'buy' rating and 350. 0p target price on Thursday.
BoE boosts QE by £150bn, leaves rates on hold
The Bank of England kept interest rates on hold at a record low of 0. 1% on Thursday, as expected, but boosted its bond-buying programme as it warned of a double-dip recession, just as England heads into its second national lockdown.
Jefferies starts Watches of Switzerland at 'buy'
Jefferies initiated coverage of Watches of Switzerland on Thursday with a ‘buy’ rating and 470p price target, saying it’s a proxy play on the more attractive end of the luxury watch market and is well-placed to perform in the underdeveloped US market.
Persimmon weakness a buying opportunity ahead of update, says JPM
Housebuilder Persimmon rallied on Thursday as JPMorgan Cazenove argued that recent weakness provides a buying opportunity ahead of trading update next week, which it expects to be a positive catalyst, and said it was still its "top idea" in the UK housebuilding sector.
US pre-open: Stock futures rally as Joe Biden seemingly closes in on victory
Wall Street futures had stocks opening higher ahead of the bell on Thursday as Joe Biden appeared to be closing in on an election victory.
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