[1] FCA unveils plans to simplify mortgage changes
The Financial Conduct Authority has outlined proposals aimed at making it easier and more affordable for homeowners to manage and amend their mortgage arrangements. Read more …
[2] Trump pressures Powell ahead of key rate decision
Wednesday marks the first Federal Reserve interest rate decision since Donald Trump’s recent public criticisms of the central bank’s chair, Jerome Powell, with his threats to replace him spooking markets last month. Read more …
[3] FTSE 100 lower as traders wait on Fed
As the London session closes, the index is pretty much where it began – on the backfoot, breaking a sixteen-day winning streak. Read more …
[4] Disney stock rises as earnings beat expectations
Shares in Walt Disney Co (NYSE:DIS, ETR:WDP) were up over 10% on Wednesday morning after reporting second-quarter results that exceeded Wall Street expectations. Read more …
[5] China and US to begin trade talks this weekend
China provided a double boost to markets on Wednesday with an interest rate cut and Beijing agreeing to formally begin trade talks with the US this week. Read more …