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Commodities: Oil jump as full-blown tropical storm cuts through Gulf of Mexico
Crude oil and copper futures jumped on Wednesday following a more dovish than expected semiannual testimony from the head of the US central bank before Congress, with the former also boosted by the approach of a tropical storm to the Louisiana coast.
Fed chairman sees risk of more persistent shortfall on inflation
US central bank chairman Jerome Powell signalled on Wednesday that the door was wide open to policy easing, telling lawmakers that there were increased risks bearing down on the US economy from overseas even as price pressures remained muted.
Thursday preview: US CPI, Fedspeak in focus
The market spotlight on Thursday will be on US consumer prices for the month of June and a full slate of speeches from top Federal Reserve officials.
FTSE 250 movers: Credit Suisse downbeat on gold stocks, oilfield services get some love
Shares of oilfield services outfits and precious metals miners listed on the second-tier index were bid up, as oil and gold futures were pushed higher in the wake of a 'dovish' semiannual testimony from Federal Reserve chairman Jerome Powell before the US House of Representatives financial services committee on Wednesday.
FTSE 100 movers: 'Dovish' Fed, Deutsche Bank boost miners
Shares of miners and oilfield services firms paced gains on the top flight index on Wednesday after the head of the US central bank appeared to leave the door open to interest rate cuts, pushing the US dollar lower and crude oil and copper futures higher.
Europe close: Stocks slip despite dovish Fed
Stocks on the Continent finished lower despite a 'dovish' testimony by Federal Reserve chairman Jerome Powell before the US Congress, as the single currency gained on the back of his remarks and investors focused on his remarks.
London close: Stocks dip as pound gains on 'dovish' Fed
London stocks finished the session little changed despite the head of the US central bank opening the door to interest rate cuts, as his remarks put a bid into Sterling.
Sector movers: Dovish Fed and dip in US dollar feed strength in oil services and miners
In his semiannual Monetary Report to the House Financial Services committee, Jerome Powell outlined how weak economic growth overseas and uncertainty around trade might negatively impact the US even as inflationary pressures were limited.
Europe midday: Stocks rise after positive data, 'dovish' Fed chairman
Stocks on the Continent are moving higher with sentiment buoyed by stronger than expected readings on industrial production out of France and Italy and what at first glance appeared to be a dovish speech from US central bank chairman Jerome Powell.
London midday: Stocks slip ahead of Fed's Powell
London stocks were little changed come midday as investors eyed a key testimony by Federal Reserve chairman Jerome Powell later in the day and digested GDP suggesting that the UK economy may have avoided an outright contraction in the second quarter.
Dunelm guides toward higher full-year profits
Dunelm saw sales accelerate over the past three months even as margins increased, leading management to forecast full-year profits before tax would come in towards the upper end of its previous guidance range.
JP Morgan starts Playtech at 'outperform'
Analysts at JP Morgan initiated coverage of Playtech at 'overweight', highlighting the recent stabilisation in the company's business-to-business arm, with its activities outside of Asia having turned higher, and its recent acquisition of Snaitech.
UK foreign trade deficit narrows in May as imports drop
The UK's shortfall in trade with the rest of the world narrowed over the three months to May, but chiefly as a result of purchases of overseas goods.
French industrial output soars in May
French industrial output jumped in May on the back of increases across most sectors, leading some economists to revise their forecasts higher.
Europe open: Stocks mixed ahead of Fed's Powell, Spanish issues lower
Stocks on the Continent have started the morning on a mixed note as investors wait for a key speech from the head of the US central bank later in the day.
Trump and Xi talked by phone on Tuesday, no details reported
The Presidents of the US and China held a telephone call on Tuesday, the first since the G20 leaders' summit at the end of June.
Cairn Energy well southeast of Norne field comes up dry
Cairn Energy's first exploration well in production licence 758 in the Norwegian Sea came up dry.
Chinese CPI steady in June, factory gate prices ease
Consumer price inflation in the people's Republic of China was steady in June, despite a sharp rise in pork prices in the wake of the wave of Africa swine fever.