Market reports from ShareCast
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US close: Stocks lifted by Powell's steady hand, tariff talks
Wed 07 May 2025 23:52
(Sharecast News) - Wall Street stocks finished higher on Wednesday as a calm and measured statement from Federal Reserve chair Jerome Powell eased fears, along with increased optimism regarding trade talks between the US and China.
London midday: FTSE rally loses steam as pharma, telecoms stocks fall
Wed 07 May 2025 11:38
(Sharecast News) - The FTSE 100 was on track to snap a 16-day winning streak on Wednesday as investors showed caution ahead of a central bank meeting in the US, with heavy losses in the telecoms and pharma sectors weighing on the index.