(RTTNews) - U.K. stocks were subdued on Wednesday as traders turned their attention to Thursday's Jackson Hole meeting, during which Fed Chair Jerome Powell is expected to give details on the Federal Reserve's framework review.
The euro zone economy is growing along the lines the European Central Bank projected in June, so policymakers have time to wait for more hard data, Governing Council member Peter Kazimir said on Wednesday.
British doorstep lender Provident Financial sank to a first-half loss and suspended dividend payments, as it put aside 240 million pounds ($316 million) for an expected surge in bad loans in the coronavirus-driven economic slump.
Euro zone bond markets turned their focus onto a pick-up in supply on Wednesday, with yields continuing to inch up after a hefty sell-off a day earlier saw key assets suffer their worst session since May.
The dollar and the euro traded cautiously on Wednesday as investors refrained from taking risky bets a day ahead of a key speech by Federal Reserve Chairman Jerome Powell.
Japanese shares closed flat on Wednesday as investors chose to book profit after the Nikkei briefly rebounded to pre-pandemic levels in the previous session, while a weaker yen and sustained hopes for COVID-19 treatment supported overall sentiment.
Chinese electric vehicle maker Xpeng could raise as much as $1.275 billion from its U.S. initial public offering (IPO) after flagging that its shares would be priced at $15, two sources with direct knowledge of the matter said.
The FTSE 100 slipped on Wednesday, weighed by a sell-off in stocks ranging from energy to consumer staples and financials, while investor attention turned to an annual central bankers' conference later in the week.
It will be mandatory for pupils to wear face masks in communal areas of secondary schools in England in places with local lockdowns, Britain's education minister Gavin Williamson said on Wednesday after a government U-turn on enforcing their use.
Pakistan's Azhar Ali came in for criticism over his form and leadership during their 1-0 series defeat in England but the 35-year-old said the thought of stepping down as captain never entered his mind.
Private equity firm Triton on Wednesday announced a 3.9 billion crown ($445 million) cash bid for IT consultancy firm HiQ International, a 25% premium to the company's closing price on Tuesday.
European stocks inched higher on Wednesday as hopes of additional stimulus for Germany and France outweighed worries about rising cases of COVID-19 across the continent.
On a balcony overlooking Tel Aviv, a familiar figure in pink headphones sways to the beat as she crafts performances that look very different from the pre-pandemic past.
French consumer confidence held steady in August as unemployment fears eased further in the euro zone's second-biggest economy, a survey from the INSEE statistics agency showed on Wednesday.
A top Chinese diplomat in Australia warned against a "shadow" over the two nations' ties on Wednesday, saying that Beijing was disappointed by a Chinese firm's failure to win Australian regulatory approval for a takeover deal.
Doorstep lender Provident Financial sank to a loss in the first half of 2020 and suspended its interim dividend, as business slowed during the coronavirus lockdowns and bad loans soared in its consumer credit division.
The Bank of Mexico, the nation's central bank, reported on Tuesday a second-quarter current account surplus of $5 million, equivalent to 0.0% of gross domestic product.
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