Market Report
US CPI in line with forecasts in December
US consumer prices rose in December, driven by gains in prices for energy, second-hand autombiles and medical care commodities.
US close: Stocks end mostly higher as investors digest earnings, Yellen comments
US equity markets ended mostly higher on Wednesday, while the dollar gained ground following comments from Federal Reserve chair Janet Yellen, although banking heavyweights Goldman Sachs and Citigroup ended in the red.
Fed funds rate headed towards 3% over medium-term, Yellen says
Policy interest rates in the US might rise towards 3% by the end of 2019, the head of the US central bank told an audience.
Commodities: Saudi energy chief eyes end to OPEC supply curbs
Falling energy futures dragged the commodities complex lower on Wednesday.
FX round-up: Dollar bounces back ahead of Yellen, jumps against peso, Loonie
The pound was on the backfoot as the US dollar rebounded following its weak start to the holiday-shortened week in the States and after the US president elect voiced criticism of a weaker Chinese yuan.
Mexican peso, Canadian Loonie hit by report US to re-open NAFTA deal
Mexico´s peso hit a fresh record low on Wednesday evening after The Globe and Mail reported that incoming US trade chief Wilbur Ross had notified the Canadian government of the new American administration´s intention of renegotiating two key pieces of the 1994 North American Free Trade Agreement.
Clydesdale and Yorkshire banking group to cut a third of its branches
Clydesdale and Yorkshire banking group (CYBG) was set to close 79 branches, with the loss of 400 jobs.
Europe close: Stocks end on mixed note but at best levels of the day
European stocks finished on a mixed note on Wednesday, albeit at their best levels of the day, as investors digested earnings from Pearson, ASML and Burberry and Eurozone inflation data.
London close: FTSE gains as pound falls on hard Brexit plans
The FTSE 100 closed higher on Wednesday as investors continued to digest the implications of a hard Brexit.
Sector movers: UK engineers, travel stocks lead gains
The incoming newsflow drove the price action, by sectors, on the leaderboard, with cyclical issues figuring large among the best and worst performers of the session.
Plant Health Care reports good global growth, though US disappoints
Agricultural biological products provider Plant Health Care issued a post year-end trading update ahead of its audited full year financial results for the year ended 31 December, which is expected no later than the second week of April.
Pearson resets dividend due to uncertainty over North America
Pearson expects to report full year operating profit and earnings per share in line with forecasts, but warned there will be a fall in revenue due to a decline in the North American higher education market as it aims to accelerate its digital transition in order to manage a fall in print.
Edenville makes good reguatory progress in Tanzania
Edenville Energy announced on Wednesday that the second stage of the Environmental and Social Impact Assessment for its integrated coal-to-power project in western Tanzania - the Scoping Study - had now been completed with the relevant documents being approved by the Tanzanian National Environment Management Council.
FDM to deliver results ahead of expectations
FDM issued its period end trading update to 31 December on Wednesday, ahead of its full year results which will be released on 8 March.
Tribal Group expects 2016 performance to be 'materially ahead'
Tribal Group announced on Wednesday that, following a good second half, the board anticipates that group revenues will be in line with its expectations for the year to 31 December 2016, and the performance of the group will be materially ahead.
Citigroup shares fall slightly after mixed earnings report
Citigroup increased its profit year-on-year in the final quarter of 2016 by 7%, according to the company's earnings release on Wednesday.
How to trade in the financial markets, FXTM´s Thalassinos explains
- Written by Andreas Thalassinos, head of education at FXTM .
Morgan Stanley hikes Spectris target price ahead of strategic review
Analysts at Morgan Stanley revised their target price on shares of Spectris higher ahead of the UK engineer´s strategic review, on 14 February.
US open: Stocks little changed despite upbeat Goldman Sachs, Citi earnings
US equity markets were little changed on Wednesday, even though banking heavyweights Goldman Sachs and Citi posted positive earnings, while the dollar rebounded from the previous session's Donald Trump inspired fall.
Supreme Court to give judgment on Brexit case next Tuesday
The judgement on the landmark Supreme Court case on whether the Prime Minister can trigger formal Brexit negotiations using royal prerogative, will be made on 24 January.