UK stocks were putting in a decent performance on Friday, bucking the negative trend seen across Europe, with decent gains in the heavyweight financial and mining sectors providing a lift.
US stocks were expected to rebound slightly on Friday, as investors looked for buying opportunities after the S&P 500 and Nadsaq both hit three-month lows the previous session.
Equity strategists at Bank of America sounded a pessimistic note on the outlook for European equities now that the European Central Bank was likely done hiking rates.
European shares were still lower on Friday driven by fears over future rate rises in the wake of hawkish central bank comments this week, and preliminary eurozone survey data showing manufacturing activity continued to slow although output marginally improved.
Mothercare's forecast-beating annual results demonstrate "resilience and adaptability" according to Shore Capital, but that wasn't enough to change the broker's 'hold' rating.
Eurozone output nudged higher in September, a closely-watched survey showed on Friday, but the struggling manufacturing sector continued to weigh on growth.
Shares in Blencowe Resources surged on Friday after the Uganda-focused graphite miner said it had received $5m in US government support for its Orom-Cross project.
R&Q Insurance Holdings responded to press speculation on Friday morning regarding a potential sale of its programme management business Accredited.
Pharmaceutical service provider Ergomed announced a promising set of interim results for the first half on Friday.
UK output unexpectedly fell in September, a closely-watched survey showed on Friday, dragged lower by a weaker service sector.
Infant and young children’s retailer Mothercare reported a loss of £0. 1m in its full-year results on Friday, swinging from a profit of £12. 1m in 2022.
Information, analytics and e-commerce company Ascential reported a positive trajectory in first-half revenue growth on Friday, as well as a strategic positioning to bolster its long-term success.
Microsoft’s proposed acquisition of Activision Blizzard looked set to clear regulatory hurdles on Friday, after the US tech giant changed the structure of the deal.
Markets in the Asia-Pacific region displayed mixed outcomes at the end of the trading week on Friday.
The cryptocurrency market faces notable declines. Bitcoin (BTC) falls sharply in the last 24 hours and stands at $26,600, while Ethereum (ETH), which followed in its wake, is just below $1,600.
New high-level results from AstraZeneca's TROPION-Breast01 phase three trial, released on Friday, carried encouraging news for patients with inoperable or metastatic hormone receptor (HR)-positive, HER2-low or negative breast cancer.
European shares opened lower on Friday as investors digested rate news from central banks this week, while weaker German business activity survey data also dampened sentiment.
UK stocks were struggling for direction in early deals on Friday as investors continued to digest market-moving central bank decisions across the globe.
Catering giant Compass has announced that director Gary Green is retiring from the board later this year.
Mike Ashley's Frasers Group on Friday confirmed it had asked a New York court to order Morgan Stanley chief executive James Gorman to hand over evidence for a UK lawsuit against the bank over an almost $1bn margin call covering trades in Hugo Boss.