European shares edged ahead on Wednesday as flash PMIs from the eurozone came in higher than expected.
Minutes from the Federal Open Market Committee’s most recent meeting were met with some Thanksgiving cheer late on Wednesday, as most policymakers agreed that smaller interest rate hikes would “soon be appropriate”.
Wall Street stocks finished in positive territory on the eve of the Thanksgiving holiday on Wednesday, with the release of the Federal Reserve’s latest meeting minutes giving equities a small boost late in the session.
London stocks managed a positive close on Wednesday, even after fresh data added to consternation over the state of the UK manufacturing sector, as investors awaited the release of the latest meeting minutes from the US Federal Reserve.
Detusche Bank upgraded Sage on Wednesday to 'hold' from 'sell' and hiked the price target to 800. 0p from 590. 0p as it said the software firm was turning a corner but areas of uncertainty remained.
Economic activity in the US slowed more quickly than expected last month, the results of two surveys revealed.
Cranswick revealed on Wednesday that non-executive director Mark Reckitt had acquired 315 ordinary shares in the FTSE 250-listed listed food producer.
Australia-focussed gold explorer and developer ECR Minerals announced on Wednesday that it would issue AUD 0. 12m (£0. 07m) of fees to GoldOz.
Galileo Resources announced completion of the Luansobe Copper Project drilling programme on Wednesday, describing it as an “important step” towards a new mineral resource estimate.
London’s FTSE 100 was up 0. 2% at 7,464. 35 in afternoon trade on Wednesday.
Royal Mail’s “best and final offer” to striking workers was rejected on Wednesday afternoon, with hundreds of thousands of postal workers set to walk out on Thursday and Friday.
Circle Property announced on Wednesday that, in line with its disposal strategy, it has exchanged contracts on the sale of Somerset House on Temple Street in Birmingham.
The market spotlight on Thursday would be on the euro area by default, given the Thanksgiving Day holiday in the States.
New home sales picked up expectedly last month.
Wall Street stocks were in the green early on Wednesday as investors digested a slew of data points ahead of tomorrow's holiday.
Animal genetic company Genus said it expected annual pre-tax profits to be in line with expectations with performance weighted to the second half.
Consumer confidence worsened by a bit less than expected in November and inflation expectations dipped, the results of a closely followed survey showed.
Home REIT hit back on Wednesday after a research report by Delaware-based short-selling firm Viceroy Research sent its shares tumbling.
FTSE 250: 19,396. 65, -0. 13% at 1418 GMT.
Orders for goods made to last more than three years expanded more quickly than expected last month.