US monetary policymakers shifted back towards a meeting by meeting approach to setting interest rates on Wednesday, instead of offering explicit guidance on the magnitude of their next move.
Investors' attention on Thursday will be on whether the US entered a so-called 'technical' recession, widely defined as two consecutive quarters of negative growth, during the second quarter.
European shares were higher on Wednesday amid a deluge of corporate results as cautious investors eyed the energy supply situation and awaited a rise in US interest rates.
Cyclicals paced gains ahead of the US central bank's policy announcement, possibly on hopes that policymakers might rein in their outlook for further interest rates.
London stocks closed in positive territory on Wednesday, helped along by well-received updates from the likes of Smurfit and Reckitt, as investors pored over fresh data from across the pond ahead of the latest policy announcement from the Federal Reserve later.
America's shortfall on trade in goods with the rest of the world shrank more quickly than expected last month, as imports slipped.
Online retail group THG was at the top of the list of director buys on Wednesday, after its chief executive officer gifted shares to a number of his friends.
Mobile payments provider Boku said in an update on Wednesday that first-half payments revenue was expected to be at least $30. 3m, broadly in line with the $30. 7m it reported last year.
Analysts at Barclays reiterated their 'overweight' stance on shares of Sabre Insurance Group, telling clients that the "significant" de-rating in the shares was an opportunity.
US pending home sales fell in June following a slight increase the month before, as mortgage rates rose, according to figures released on Wednesday by the National Association of Realtors.
Analysts at Deutsche Bank upgraded consumer goods company Unilever to 'buy' from 'hold' on Wednesday, stating prospects had now improved for the group.
London’s FTSE 100 was up 0. 7% in afternoon trade on Wednesday at 7,356. 85.
Wall Street stocks were in the green early on Wednesday as investors digested another fat stack of corporate earnings and awaited the outcome of the Federal Reserve's latest policy meeting.
Clayton Dubilier & Rice’s efforts to sell Motor Fuel Group are reportedly stalling.
Orders for goods made to last more than three years posted a sharp and unexpected rise last month, albeit mainly on the back of a near doubling in orders for defence aircraft.
Smart Metering Systems said in a trading update on Wednesday that its index-linked annualised recurring revenue had grown 8% over the six months to 30 June, to £93. 1m, as it lifted its full-year earnings expectations.
Jaguar Land Rover reported strong demand and a record order book in its first quarter on Wednesday, but said sales were still constrained by the global chip shortage.
Construction materials group Breedon reported a 12% improvement in underlying revenue in its first half on Wednesday, to £671. 1m, as it also hiked its interim dividend.
Credit Suisse named a new chief executive officer on Wednesday, as it reported a much deeper loss than was expected in the second quarter.
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