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Thursday preview: US data and Royal Dutch Shell in the spotlight
Financial markets on Thursday will be digesting the decision taken overnight by the US central bank to cut interest rates again, even while signalling a possible pause in its policy easing, in what some analysts described as a 'hawkish ease'.
FOMC cuts target for interest rates by another 25 basis points
Rate-setters in the US lowered the target range for official short-term interest rates on Wednesday, arguing that it would help to sustain economic growth and to meet its symmetric target for a rate of consumer price inflation near 2. 0%.
JP Morgan reiterates StanChart as 'top pick' in sector
Analysts at JP Morgan reiterated their preference for StanChart's shares in the banking sector, keeping it as their 'top pick' while reiterating their 'overweight' recommendation and 850. 0p target price.
Europe close: Stocks finish on mixed note ahead of Fed rate decision
European stocks were mixed by the end of the trading on Wednesday as investors geared up for a Federal Reserve policy announcement in the evening and eyed the latest news on progress in Sino-US trade talks.
London close: Stocks little changed as investors mull prospect of new elections
London stocks finished the Wednesday session little changed as investors mulled the prospect of a general election before Christmas and sifted through updates from the likes of Next and Standard Chartered.
Santander Q3 profits hampered by UK charges
Santander on Wednesday reported a drop in third quarter profits after being hit by impairment charges relating to its UK business.
TUI's attempt to buy Thomas Cook's web address rejected
An approach by TUI to purchase some of Thomas Cook's intellectual property assets has been rejected by the travel operator's liquidators, according to a report from Sky News on Wednesday.
GlaxoSmithKline posts better-than-expected Q3 EPS, guides higher for the year
GlaxoSmithKline shares advanced on Wednesday following the group's better-than-expected third quarter results and upwardly revised financial guidance for the year.
US open: Stocks dip ahead of Fed and after Chile cancels APEC summit
Stocks were trading slightly lower on Wednesday afternoon ahead of the Federal Reserve's interest rate announcement scheduled for later in the day and on the back of somewhat mixed readings on the pace of US economic growth and for the country's labour market.
FTSE 100 movers: StanChart rallies on results; Next in the red
London's FTSE 100 was up 0. 1% at 7,312. 98 in afternoon trade on Wednesday.
US Q3 GDP beats forecasts, but some economists caution details weak
Economic growth in the US slowed further last quarter amid a sharp slowdown in firms' investment on equipment which some economists said pointed towards a further slowdown in the months ahead.
Beowulf Mining reports updated mineral resource at Aitolampi
Mineral exploration and development company Beowulf Mining announced an upgraded mineral resource estimate (MRE) for its Aitolampi graphite project in Finland on Wednesday, which is part of its wholly-owned exploration permit Pitkäjärvi 1.
PetroNeft updates market on plans for licence 67
Oil and gas exploration and production company PetroNeft updated the market on its operational plan for licence 67 on Wednesday, reporting that it planned to bring Cheremshanskoye field into production during the first quarter of 2020.
Hargreaves Services trading in line in first four months
Industrial and property services provider Hargreaves Services told shareholders on Wednesday that trading for the first four months of the year had been “satisfactory”, and in line with expectations.
FTSE 250 movers: Riverstone flows lower, ConvaTec surges
London's second-tier was 0. 48% lower at 20,070. 54 in afternoon trade on Wednesday, with Riverstone Energy leading the index downward.
Walcom expects to meet liabilities until end of November
Walcom said on Wednesday that it expects to be able to meet its liabilities as they fall due until the end of next month.
Anixter to be bought by private equity firm CD&R in $3.8bn deal
US communications and security products supplier Anixter International said on Wednesday that it has agreed to be bought by private equity firm Clayton, Dubilier & Rice (CD&R) in an all-cash deal valued at around $3. 8bn.
Chile cancels APEC summit
Chilean authorities took the unprecedented step on Wednesday of cancelling the upcoming summit of the Asia Pacific Economic Forum in Santiago, Chile.
Johnson's Brexit deal would slash £70bn off UK economy, says NIESR
The Brexit deal secured by UK Prime Minister Boris Johnson would leave the country £70bn worse off than if it remained in the European Union, according to a report released on Wednesday.
US pre-open: Stocks set to edge higher ahead of Fed, amid mixed economic data
Stocks are being called to start the session a tad higher ahead of the Federal Reserve's decision on interest rates scheduled for later in the day and on the back of slightly stronger than expected readings on the pace of US economic growth and for the country's labour market - albeit perhaps only at first glance.