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Sector movers: Travel and Leisure, and Homebuilders pace gains on reopening optimism
Cyclicals paced gains in the stockmarket on Wednesday, with Travel and Leisure, and Household Goods and Construction both helped by optimism around the UK's handling of the pandemic and growing confidence both towards the US and Eurozone.
Thursday preview: Fed's Powell, Schroders in the spotlight
The focus in financial markets on Thursday will be on any policy-relevant remarks out of US Federal Reserve chief, Jerome Powell, at an event hosted by the Wall Street Journal, starting from 1700 GMT.
FTSE 250 movers: Travel and Homebuilders' shares pace gains
Travel-related and homebuilders' shares paced gains on London's second-tier index on Wednesday, helped by growing confidence that UK authorities had the pandemic increasingly under control.
Europe close: Shares end mixed despite better than expected survey data
European shares finished on a mixed note on Wednesday as investors eyed new budget measures from the UK to help power the post Covid-19 pandemic recovery and shrugged off a survey that suggested the Eurozone might be in recession.
US services sector growth slows in February, price pressures jump
Activity in the US services sector slowed last month amid a big decline in the rate of new orders, the results of a closely-followed survey showed.
US private sector payrolls grow less quickly than expected in February, ADP says
Private sector employment in the States grew a tad less quickly than anticipated last month, the results of a closely-followed survey revealed.
Europe close: Shares finish on a mixed note
European shares finished the session on a mixed note, creeping into positive territory after a cautious start to the session as Asian shares fell overnight.