Wall Street stocks were mixed at the close on Wednesday, with the Dow clawing back some of the losses it recorded in a heavy sell-off on Tuesday.
The market spotlight on Thursday will be on a preliminary reading for first quarter US gross domestic product.
London stocks ended a turbulent Wednesday mixed, after a morning filled with earnings updates and as Wall Street opened higher across the pond.
European stocks rallied to close higher on Wednesday as US markets rebounded in early trade from the previous session's rout amid worries over gas supplies as Russia turned off the taps to Poland and Bulgaria.
The task of managing the differences between economies in the single currency bloc has been magnified by the war in Ukraine and may result in further losses for the euro, perhaps even towards parity with the US dollar, City-based analysts say.
British Airways passengers are set to face more cancellations, it was reported on Wednesday, with disruption expected to last for at least the next two months.
US aerospace giant Boeing posted wider first-quarter losses on Wednesday as it took a hit from costs on its Russian business and its new 777X aircraft.
Analysts at Canaccord Genuity upgraded their position on market research company System1 from 'hold' to 'buy' on Wednesday, citing "predicting profitable growth".
Wall Street stocks were trading slightly higher early on Wednesday as major indices did their best to halt losses recorded during a heavy sell-off in the previous session.
The FTSE 100 was up 0. 43% at 7,417. 73 at 1450 BST.
Two outsourcing giants found themselves on the list of director sells on Wednesday, after their CEOs covered their costs and tax bills after exercising share options.
The FTSE 250 was down 0. 10% at 20,472. 18 at 1425 BST.
Analysts at Berenberg raised their target price on mining company Anglo Pacific from 250. 0p to 260. 0p on Wednesday following a first-quarter earnings beat thanks to coal price tailwinds.
Deutsche Bank shrugged off a “challenging” environment to post its highest quarterly profit for nine years, the German lender said on Wednesday.
Angus Energy updated the market on installation and commissioning progress at Saltfleetby on Wednesday, with delivery and installation dates “substantially unchanged”.
Life sciences company 4basebio announced a joint development agreement with Heqet Therapeutics on Wednesday.
Wall Street futures were in the green ahead of the bell on Wednesday following a heavy sell-off in the previous session.
European stocks rebounded in late morning trade after a rout on US markets overnight as investors digested a slew of corporate results amid worries over gas supplies as Russia’s Gazprom turned off the taps to Poland and Bulgaria.
London stocks had rebounded into positive territory by midday on Wednesday, following another rough and tumble session overnight on Wall Street, as investors sifted through a slew of earnings updates.
UK retail sales struggled in April, industry research showed on Wednesday, as the cost of living crisis saw consumers rein in spending.
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