US stock markets finished with moderate losses on Thursday, snapping four straight days of gains, after consumer price inflation failed to ease as expected last month, causing bond yields to surge.
FTSE 350 stocks ended on a mixed note as U. S. consumer price data for September came in slightly ahead of forecasts.
Financial markets' focus at the end of the week will likely continue to be very much on the U. S.
European equity markets finished on a mixed note on Thursday, dragged down by a higher-than-expected reading on U. S. consumer prices.
London markets ended with a mixed outcome on Thursday, as investors digested a fresh inflation reading out of the US, as well as a slight uptick in the UK economy.
Halfords shares surged on Thursday after markets blog Betaville reported in one of its 'uncooked alerts’ that the motoring and cycling products retailer was at the centre of takeover speculation.
Midwich Group revealed on Thursday that finance director Stephen Lamb had acquired 4,901 ordinary shares in the AIM-listed audio-visual distributor.
Berenberg downgraded Johnson Matthey on Thursday to 'hold' from 'buy' as it cut its price target on the stock to 1,650. 0p from 2,200. 0p, saying the stock was "interesting, but no longer compelling".
US stocks were trading on a mixed note on Thursday following the release of a slightly stronger-than-expected reading on consumer prices due to higher electricity and rent costs.
US inflation was unchanged in September from a month earlier, according to figures released on Thursday by the Bureau of Labour Statistics.
Companies in the U. S. continued to hold onto staff during the preceding week.
London’s FTSE 250 was flat at 17,869. 91 in afternoon trade on Thursday.
London’s FTSE 100 was up 0. 4% at 7,653. 85 in afternoon trade on Thursday.
The former chief executive of Barclays has been banned and fined nearly £2m by the City watchdog over his relationship with disgraced financier Jeffrey Epstein.
Georgia-focussed oil and gas company Block Energy reported an average production of 630 barrels of oil equivalent per day (boepd) in its third quarter on Thursday, slightly below the second quarter’s 664 boepd.
Berenberg downgraded Johnson Matthey on Thursday to ‘hold’ from ‘buy’ as it cut the price target to 1,650p from 2,200p, saying the were "interesting, but no longer compelling".
Maritime artificial intelligence (AI) company Windward reported a series of contract triumphs and renewals throughout its second half on Thursday, affirming a trading performance aligning with market anticipations for the year.
Specialist active asset manager Polar Capital reported a minor decline in assets under management (AuM) in its first half on Thursday.
Professional lighting specialist FW Thorpe reported a 23% rise in revenue in its final results on Thursday, amounting to £176. 7m, or a 10. 7% increase when excluding the impact from the acquisition of SchalLED and Zemper.
Atalaya Mining said in an update on Thursday that it mined 3. 8 million tonnes of ore in its third quarter, consistent with the same period in 2022 and slightly below the 3. 9 million tonnes achieved in the second quarter of 2023.
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