US stocks got battered on Wednesday as concerns over bond markets and a struggling technology sector sunk the Dow more than 800 points, led the S&P 500 towards its longest losing streak in two years and caused the Nasdaq to record its biggest drop so far this year.
Stocks on the Continent sustained heavy losses on Wednesday, with Basic Resources and Technology sustaining the brunt of the losses amid concerns around trade, rising government bond yields and Italy.
All eyes will be on the latest reading on US consumer prices referencing the month of September.
Chief EU negotiator Michel Barnier said in a speech addressing the European Parliament of Enterprises on Wednesday that May’s proposal to keep the UK in the single market for goods would give it a “huge competitive edge” over the EU.
London's FTSE 250 was down 0. 38% at 19,474. 60 in afternoon trading on Wednesday.
Snapchat announced on Wednesday that it would be releasing a dozen original series on its mobile app in order to maintain an edge over competitors Facebook and Instagram and reverse its user decline.
London stocks finished sharply lower on Wednesday as investors continued to digest a move higher in government bond yields around the globe against a backdrop of ongoing trade tensions, even as Sterling gained on the back of a stronger-than-expected reading on industrial production at home.
Things went from bad to worse for Patisserie Holdings on Wednesday as the company said it has received a winding up petition for its main trading subsidiary, Stonebeach, for £1. 14m in tax owed to HMRC, having earlier warned of potentially fraudulent accounting irregularities.
Beleaguered department store chain Sears has reportedly hired an advisory firm to assist with a Chapter 11 bankruptcy filing.
Oil prices face “extreme volatility” amid the continued uncertainty surrounding Iran’s oil industry ahead of fresh US sanctions, according to BP chief executive Bob Dudley.
Telecoms stocks were ringing up gains on Wednesday, while packaging companies were dented.
Avacta Group agreed a commercial license with New England Biolabs (NEB) to commercialise a science and research assay project using its Affimer technology on Wednesday.
Smiths Group chief executive Andrew Reynolds Smith sold 47,468 ordinary shares in the FTSE 100-listed engineering business on Wednesday.
Do not despair, equity strategists at Barclays Research told clients.
A day after being downgraded by Barclays, software company Sage was lifted to 'hold' from 'sell' at Deutsche Bank, which highlighted the valuation and potential for private equity interest.
Ahead of a strategy update two months away, Dixons Carphone shares do not reflect enough optimism about the potential for new management to improve performance and dividends, said HSBC as it upgraded to 'buy' from 'hold'.
Analysts at Shore Capital took a fresh look at "exceptionally well-run" ten-pin bowling outfit Hollywood Bowl on Wednesday, reiterating their 'buy' recommendation for the shares following the company's post-close update.
Barclays upgraded Ocado on Wednesday after the online grocery specialist's valuation retreated to a more "reasonable" level.
The Democratic Unionist Party said on Wednesday it would withdraw support from the government’s budget plan if Theresa May breaks their “red line” on the Irish border issue.
Wall Street trading kicked off with heavy losses on Wednesday as concerns over bond markets, putting the S&P 500 on track for its longest losing streak since November 2016.