US stocks fell sharply on Wednesday as rising bond yields, a surge in commodity prices and escalating tensions in Israel dampened risk appetite on equity markets.
European stocks were again in the red on Wednesday as markets struggled for direction in the wake of yet another rise in bond yields and following the bombing overnight of a hospital in Gaza.
The market spotlight on Thursday was expected to be firmly on the U. S. with multiple economic reports due out.
London stocks closed lower on Wednesday, influenced by a higher-than-anticipated UK inflation figure and concerns stemming from ongoing tensions in the Middle East.
LBG Media, the parent company of LADbible Group, announced the acquisition of Betches Media on Wednesday, on a move aimed at expanding its presence in the digital media landscape.
London’s FTSE 100 was down 0. 7% at 7,622. 85 in afternoon trade on Wednesday.
London’s FTSE 250 was down 1. 3% at 17,453. 10 in afternoon trade on Wednesday.
Rising oil prices and elevated bond yields were weighing on US stock futures on Wednesday as the deadly conflict in Gaza escalated with the bombing of a hospital in Gaza the night before.
Morgan Stanley reported weaker third quarter profits due to th drag from its investment banking and fixed income units.
Homebuilding activity in the U. S. rebounded last month, but by less than expected held as higher interest rates dragged on activity.
China’s crisis-hit Country Garden edged closer to defaulting on its international debt on Wednesday, after it missed a key interest payment deadline.
Digital transformation consultancy Kin and Carta surged on Wednesday after it agreed to be taken over by private equity firm Apax Partners in a £203m deal.
Energy giants Shell and QatarEnergy have struck a deal to supply the Netherlands with liquefied natural gas, it was announced on Wednesday.
London stocks were still in the red by midday on Wednesday as investors mulled a slightly hotter-than-expected UK inflation print, with the conflict in the Middle East denting sentiment.
European stocks were again in the red on Wednesday as markets struggled for direction in the wake of yet another rise in bond yields and ongoing conflict in Israel.
Inflation in the Eurozone slowed considerably in September, official figures confirmed on Wednesday, raising hopes that the growth rate in consumer prices should continue to ease closer to the European Central Bank's target in the coming year.
House prices were largely unchanged in August, official data showed on Wednesday, as higher mortgage rates continued to dampen demand.
William Hill and Mr Green owner 888 posted a slump in third-quarter revenues on Wednesday as it took a hit from new gambling regulations and customer-friendly results.
Just Eat Takeaway lifted its full-year core profit guidance on Wednesday as it announced the launch of a new share buyback programme of up to €150m.
Shares in Sosandar tumbled on Wednesday after the online fashion retailer unveiled ambitious expansion plans, including opening bricks and mortar stores for the first time.
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