London open The FTSE 100 is expected to open 0. 09% lower on Wednesday, having closed up 0. 66% at 7,507. 56 on Tuesday.
Elementis on Wednesday said production at its US Chromium facility in North Carolina had been disrupted as a result of Hurricane Florence, although the impact on 2018 earnings would be “modest”.
Stocks on Wall Street finished broadly lower on Tuesday amid quieter trading, as investors held their breath ahead of the Fed’s monetary policy decision on Wednesday and continued to react to worsening trade concerns.
The market spotlight was firmly on the oil price on Tuesday as West Texas Intermediate crude oil futures continued to trade just off their highest level in four years.
All eyes will be on the Federal Reserve's policy guidance on Wednesday.
Stocks rebounded on Tuesday as investors waited on the US central bank's policy decision due the next day and as officials in Beijing struck a more emollient tone.
London's blue chip benchmark ended at its highest level this month thanks to a strong showing from retailer Next while the surge in oil prices helped BP and Shell but hit easyJet and British Airways owner IAG.
A clinical study has shown AstraZeneca’s immunotherapy drug Imfinzi to have reduced the risk of death in patients with mid-stage lung cancer by nearly a third in a clinical study.
London's FTSE 250 was even at 20,506. 16 in afternoon trade on Tuesday.
UK taxpayers will have to pay £65m to cover redundancy payments for former Carillion workers who were made redundant after the company’s collapse in January.
AIM-listed technology and software investment company KRM22 has announced the acquisition of Prime Analytics, a Chicago-based risk management technology company, for up to $7. 5m.
Restaurant company Inspire Brands - the owner of Arby’s, Buffalo Wild Wings and Rusty Taco - has agreed to buy Sonic Corp in a $2. 3bn deal that includes the assumption of Sonic’s net debt.
London’s FTSE 100 was up 0. 6% to 7,499. 88 in afternoon trade on Tuesday, helped along by retail and oil stocks.
Mortgage Advice Bureau Holdings announced its interim results for the six months ended 30 June on Tuesday, reporting a 17% improvement in revenue to £57. 9m.
Resources stocks and retailers made an unusual alliance to lead the upside on Tuesday, while tech and telecoms were slightly lower.
Project management and technical consultancy WYG updated the market on its trading for the six months ending 30 September on Tuesday, as investors gathered for its annual general meeting, reporting that it expected revenue and operating profit before separately-disclosed items and share-based payments for the half year to be “broadly in line” with the comparative period last year.
Hostel owner and operator Safestay announced its unaudited interim results for the six months ended 30 June on Tuesday, reporting “good demand” across its portfolio, leading to a strong first half trading performance.
Technology recruitment and outsourcing company Harvey Nash Group announced its unaudited interim results for the six month period ended 31 July on Tuesday, reporting a 7. 2% improvement in gross profit to £51. 68m, or 11. 1% on a like-for-like basis.
Foreign exchange service provider Alpha FX Group updated the market on its trading on Tuesday, ahead of the year ending 31 December reporting that trading for the month of September to date had been “particularly strong”.
Hybrid estate agent Purplebricks announced plans on Tuesday to expand its US operations to Florida.