Stocks closed in the red on Wall Street on Wednesday, after a top Federal Reserve official made the case for a prompt withdrawal of the central bank's emergency bond purchases.
All eyes at the end of the week will be on the latest UK gross domestic product data.
European stocks finished mostly higher on Thursday, despite fears over a slowdown in global growth as a result of the Delta variant of Covid-19.
London stocks remained in the red by the close on Thursday, as investors digested the news that the European Central Bank was set to lower bond purchases.
Barclays upgraded shares of Hays to 'overweight' from 'equalweight' on Thursday and hiked the price target to 195. 0p from 120. 0p as it argued the market is underestimating the recruiter's growth potential.
AstraZeneca said on Thursday that positive results from the ‘Poseidon’ phase 3 trial showed ‘Imfinzi’, or durvalumab, and tremelimumab, when added to platinum-based chemotherapy, demonstrated a statistically-significant and clinically-meaningful improvement in overall survival and progression-free survival compared to chemotherapy alone in the first-line treatment of patients with stage four metastatic non-small cell lung cancer (NSCLC).
Rate-setters in Frankfurt decided to lower bond purchases under their emergency asset buying programme "moderately" but kept all the other main policy levers unchanged, including the size of the bond buying programme not linked to the pandemic.
Telecoms and utility geospatial software company IQGeo announced on Thursday that its software had been selected by a global top 10 electrical utility provider in Japan.
The European Central Bank said the risks to growth and inflation were "broadly balanced" and that the euro area economy was now rebounding firmly.
Analysts at Credit Suisse upgraded their recommendation for shares of Boohoo to 'outperform', telling clients that Western governments looked set to step in and "level up the playing field" against Chinese fashion retail app Shein.
Midwich Group revealed on Thursday that managing director Stephen Fenby had disposed of 2. 0m ordinary shares in the AIM-listed audio-visual distributor.
Mastercard has agreed to buy cryptocurrency intelligence company CipherTrace for an undisclosed sum.
London’s FTSE 250 was down 0. 2% at 23,790. 48 in afternoon trade on Thursday.
Wall Street stocks traded higher at the open on Thursday after market participants digested some better than expected jobless claims data from the Labor Department.
Plant-based polymer specialist Itaconix announced the first shipment to a European Union-based customer for its ‘TSI 322’ sustainable detergent polymer on Thursday.
London’s FTSE 100 was down 1% at 7,025. 39 in afternoon trade on Thursday.
Oxford Nanopore said on Thursday that it’s planning to list on the London Stock Exchange.
First time weekly unemployment claims in the US undershot market forecasts by a wide margin during the latest week for which data were unavailable.
Analysts at Canaccord Genuity upgraded semiconductors firm IQE from 'hold' to 'speculative buy' on Thursday, stating momentum appeared to be "about to inflect".
Ncondezi Energy announced on Thursday that the engineering, procurement and construction (EPC) power plant contract for the integrated Ncondezi 300MW coal-fired power project and coal mine in Tete, Mozambique, had been signed with China Machinery Engineering Corporation (CMEC) at a virtual signing ceremony.