FTSE 100 movers: Housebuilders weigh but JMAT gains on subsidiary sale

(ShareCast News) – London’s FTSE 100 was down 0.2% to 7,570.21 in afternoon trade on Wednesday, with housebuilders the biggest drag. Johnson Matthey was the standout gainer after announcing that Cummins was buying its UK automotive battery systems business, a subsidiary specialising in …

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Loonie Strengthens After Canada GDP Data

The Canadian dollar spiked up against its major counterparts in the European session on Wednesday, following a data showing expansion in nation’s economic growth in November.

Data from Statistics Canada showed that Canada’s gross domestic product inc…

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Capita tries to quell fears over pension scheme in wake of Carillion

Pensions are also at the heart of the FTSE 100 takeover tussle between GKN and Melrose, with trustees of the GKN pension scheme warning Melrose it may need to stump up more cash if it loads GKN up with debt. The top-up payment at Capita, which collects…

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Wall Street eyes rebound ahead of Fed meeting

European stocks were up about 0.2 per cent, but the FTSE 100 was down 0.1 per cent. Government bonds recovered from their recent sell-off, with the yield on the benchmark 10-year US Treasury note falling back below 2.7 per cent. The 10-year yield was d…

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U.S. Private Sector Job Growth Exceeds Estimates In January

Private sector employment in the U.S. increased by much more than anticipated in the month of January, according to a report released by payroll processor ADP on Wednesday.

ADP said employment in the private sector spiked by 234,000 jobs in January a…

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Loonie Strengthens After Canada GDP Data

Following the release of Canada GDP data for November at 8:30 am ET Wednesday, the loonie advanced against its major rivals.

The loonie was trading at 1.2268 against the greenback, 88.81 against the yen, 1.5277 against the euro and 0.9939 against th…

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U.S. Private Sector Employment Jumps More Than Expected In January

Private sector employment in the U.S. increased by much more than anticipated in the month of January, according to a report released by payroll processor ADP on Wednesday.

ADP said employment in the private sector spiked by 234,000 jobs in January a…

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Crude Oil Slides After API Inventories Build

Crude oil futures continued to fall Wednesday morning after industry data showed a build in U.S. oil stockpiles.

Analysts say that U.S. production is surging again after a lull over the winter, as American companies look to take advantage of the rece…

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Loonie Rises Vs Most Majors Ahead Of Canada GDP Data

Statistics Canada releases Canada GDP data for November at 8:30 am ET Wednesday. The economy is expected to expand 0.4 percent on month, after stagnating in the previous month.

Ahead of the data, the loonie traded mixed against its major rivals. Whil…

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Gold Edged Higher After Losing Skid

Gold futures rose Wednesday morning, moving back nearly yearly highs after a 3-day losing streak.

Traders are positioning for today’s interest rate decision from the Federal Reserve.

Some expect the Fed to signal a March rate hike is coming, while o…

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UK Stocks Struggling for Direction

The FTSE 100 started the day on a downward trend, and is on track for a 1.3 percent loss for the month as a whole, wiping out a portion of the 4.9 percent rally seen in December. The pound rose by $1.4188 percent, which also negatively impacted the FTSE 100. The UK’s leading index includes a heavy …

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Dollar Advances Following ADP Private Payrolls Report

The ADP private payrolls report for January has been published at 8.15 am ET Wednesday.

After the data, the greenback climbed against its major rivals.

The greenback was trading at 0.9336 against the franc, 108.89 against the yen, 1.2454 against t…

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Dollar Mixed Ahead Of ADP Private Payrolls Report

The ADP private payrolls report for January will be published at 8.15 am ET Wednesday. The economic analysts are looking for consensus of 195,000, down from 250,000 in the previous month.

Ahead of the data, the greenback traded mixed against its maj…

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European Markets Are Mixed Early on January 31

The United Kingdom’s FTSE 100 Index declined for two consecutive trading weeks and pulled back from elevated levels. The FTSE 100 Index started this week on a mixed note and declined as the week progressed. On Wednesday, the FTSE 100 Index opened the day higher but trading with weakness …

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