U.S. stocks moved broadly higher in morning trading Wednesday, recouping some of the losses from a day earlier. Banks and other financial companies were up the most. Utilities were the only laggard. Investors eyed the latest company earnings and deal news.
European bourses closed lower on Wednesday, as technology stocks slumped after weakness seen on Wall Street in the previous session.
Sterling surged to a three-week high and Britain's FTSE 100 stock index fell on Wednesday, after Bank of England Governor Mark Carney said an interest rate rise was probably necessary and the bank would debate this "in the coming months". The pound jumped by well over a cent after Carney's comments to hit $1.2971, its strongest since June 9, the day of the results of Britain's parliamentary election.