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Thursday preview: ECB decision, US retail sales in the spotlight
Investors' focus on Thursday will be the European Central Bank's interest rate decision.
US close: Morgan Stanley leads markets higher, Dow hits new record
US equity markets rallied into the close on Wednesday with the Dow hitting a fresh record high as more forecast-beating earnings in the banking sector offset weakness among tech stocks.
Europe close: Shares pare losses as tech stocks weigh; Tate & Lyle surges
European shares closed lower on Wednesday with luxury and tech stocks under pressure while investors also digested the latest UK inflation data showing a fall below 2% for the first time in three years, raising hopes of a rate cut from the Bank of England.
US import price index undershoots forecasts in September
The cost in the US of goods purchased overseas undershot economists' forecasts last month as the fuel prices plummeted.
Broker tips: On The Beach, Bellway
Canaccord Genuity lowered its target price on packaged holidays business On The Beach from 220. 0p to 187. 0p following the group's recent trading update.
London close: Stocks rise on fresh rate cut hopes
London's equity markets finished higher on Wednesday as investors reacted positively to a significant drop in UK inflation, which reached its lowest point in over three years.
Tate & Lyle shares soar on report Advent prepping takeover
Shares in food ingredients group Tate & Lyle surged by more than 10% on Wednesday on a report that US private equity group Advent was preparing a bid for the company.
Director dealings: THG CEO snaps up 20m shares
THG revealed on Wednesday that chief executive Matthew Moulding purchased 20. 4m ordinary shares in the London-listed ecommerce retailer.
Marshalls shares surge as sales growth contraction eases in Q3
Shares in Marshalls surged as the landscaping and building materials supplier held annual guidance and indicated that the contraction on sales growth had eased in the third quarter amid a weak economic backdrop.
Canaccord Genuity lowers target price on On The Beach
Canaccord Genuity lowered its target price on packaged holidays business On The Beach from 220. 0p to 187. 0p following the group's recent trading update.
US open: Dow Jones claws back some of yesterday's losses
Wall Street trading got off to a mixed start on Wednesday as the Dow Jones tried to claw back some of the heavy losses recorded in the previous session.
Eco Buildings receives first confirmed order under Egeu Stone contract
Modular housing company Eco Buildings Group announced on Wednesday that it has received its first confirmed order under its contract with Egeu Stone, marking a significant milestone.
Tertiary Minerals completes inaugural drilling at Mushima North
Tertiary Minerals announced on Wednesday that it has completed its inaugural drilling programme at the Mushima North Copper Project in Zambia.
US mortgage applications plummet by 17pc
US mortgage applications fell by 17% in the week ended 11 October, according to the Mortgage Bankers Association of America, extending the prior week's 5. 1% drop.
Ryanair braced for delivery delays as problems mount at Boeing - O'Leary
Ryanair could be forced to trim its 2025 traffic outlook, it was reported on Wednesday, on the back of mounting problems at key supplier Boeing.
Image Scan finalises £3m UK defence contract
Image Scan announced the finalisation of a significant contract with UK defence contractor NP Aerospace on Wednesday, for the supply of its ‘ThreatScan’ portable x-ray system.
US pre-open: Futures little changed following heavy losses
Wall Street futures were little changed ahead of the bell on Wednesday following heavy losses in the previous session.
Europe midday: Shares down with luxury, tech stocks under pressure
European shares were lower on Wednesday with luxury and tech stocks under pressure while investors also digested the latest UK inflation data showing a fall below 2% for the first time in three years.