Wall Street’s primary stock indices concluded the trading day in positive territory on Thursday, with market participants appearing to push aside uncertainties over potential interest rate hikes, as the Federal Reserve's key decision approached next week.
European shares finished on a mixed note as the latest economic data showed that the eurozone dipped into a technical recession, even as investors kept a watchful eye on rate moves after surprise increases from Australia earlier in the week.
Thursday trading on London’s stock markets ended in the red, as a newly declared recession in the eurozone and escalating concerns over interest rates cast a pall over investors’ sentiment.
Citi upgraded Rio Tinto on Thursday to ‘buy’ from ‘neutral’ as it took a look at the metals and mining sector.
Stocks in the US were heading slightly higher in early trading, even as investors looked ahead to the next rate announcement by the Federal Reserve scheduled for the following week.
Tightness in the US labour market eased during the preceding week, as filings for jobless claims rose to the highest since October 2021.
Shares in house builder Crest Nicholson slumped on Thursday as the company warned that more interest rate rises would hit the property market, after it posted a slump in half-year profits.
Shares in house builder Crest Nicholson slumped as the company warned that more interest rate rises would hit the property market, after it posted a slump in half-year profits.
JP Morgan sees better risk reward in NatWest Group relative to Lloyds Banking Group, it said in a note published on Thursday on UK banks.
The government has blocked Royal Mail’s plans to axe Saturday letter deliveries, it was revealed on Thursday, which could see the price of stamps increase even further.
CAB Payments said on Thursday that it is considering listing on the London stock market.
CRH shareholders have overwhelming backed plans by the building materials group to move its listing to New York, it was confirmed on Thursday.
London’s FTSE 100 was down 0. 2% at 7,607. 98 in afternoon trade on Thursday.
Hikma Pharmaceuticals was among those on the list of director buys on Thursday, after a non-executive director added almost £27k worth of shares to his holding.
Quadrise announced a joint development agreement with BTG Bioliquids - a renewable biofuels specialist – on Thursday.
LXi REIT said on Thursday that it has sold a retail park in St Albans to a UK institution for £31m, equating to a net initial yield of 4. 7%.
First Property Group announced the signing of a new seven-year lease for a significant portion of its office building in Bucharest, Romania on Thursday.
Agriculture and investment company Camellia updated the market on its trading on Thursday, reporting mixed results, although it was still early in the season for many of its major businesses.
Performance ceramics specialist Churchill China said in an update on Thursday that its recent trading had been in line with expectations, particularly in export markets.
JP Morgan sees better risk reward in NatWest Group relative to Lloyds Banking Group, in a note published on Thursday on UK banks.
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