Wednesday preview: FOMC minutes, Lloyds house price index in focus
Wednesday will see the release of quarterly results from Levi Strauss, Constellation Brands and Applied Digital in the US.
London close: FTSE gains as oil prices fall, but defence stocks slump
London stocks rose on Tuesday despite weakness in defence names, as oil prices fell and after a survey showed the downturn in the UK construction sector eased in September.
Europe close: Stocks rise for third day as bond yields, oil prices fall
European stock markets advanced for the third straight session on Tuesday on the back of falling oil prices and bond yields, with sentiment supported by record highs on Wall Street.
BoE's Mann warns UK inflation could become further entrenched
Bank of England policymaker Catherine Mann said on Tuesday that UK inflation risks becoming more deeply entrenched, reinforcing her case for higher interest rates.
Broker tips: Domino's Pizza, Fevertree
Berenberg initiated coverage of Domino's Pizza Group with a 'buy' rating and a 291p target price on Tuesday, arguing that the chain's value‑led proposition and the early success of its Chick 'N' Dip range leave the shares primed for a re‑rating after a period of weakness.
FTSE 250 movers: Asos slumps on 'hack' warning; Clarkson up on FY outlook
FTSE 250 (MCX) 24,203. 05 0. 33%.
Director dealings: CMC Markets founder raises stake
CMC Markets revealed on Tuesday that chief executive Peter Crudds had acquired 593,378 ordinary shares in the FTSE 250-listed financial services firm.
US open: Major indices climb to fresh highs as Treasury yields ease, energy prices fall
Major indices were in the green early on Tuesday, with the S&P 500 and Nasdaq Composite both rising to fresh intraday highs as both Treasury yields and oil prices headed south.
FTSE 100 movers: Informa surges; Ithaca gives back some gains
London’s FTSE 100 was up 0. 3% at 10,529. 88 in afternoon trade on Tuesday.
Deutsche Bank bumps up target price on Fevertree Drinks
Deutsche Bank lifted its target price on Fevertree Drinks from 870p to 900p, but kept its 'hold' rating on the stock, saying the mixer brand faces a tougher backdrop in the US as premium spirits trends soften and ready‑to‑drink cocktails continue to reshape drinking habits.
CD&R, McKesson to buy Option Health Care in $5.8bn deal
Shares of Option Care Health surged in pre-market trade on Tuesday after private equity firm CD&R and McKesson agreed to buy the provider of home and alternate site infusion services in a $5. 8bn deal.
Uber to buy ezCater for $2.3bn in workplace catering push
Uber announced on Tuesday that it is spending $2. 3bn to buy food marketplace ezCater as it looks to expand its takeaway delivery service further into corporate and group food orders.
US trade gap widens to $105.6bn in August
The US trade gap widened in August as imports jumped sharply, according to the Bureau of Economic Analysis, with tthe goods and services deficit increasing to $105. 6bn, up from a revised $92. 8bn in July, driven by a sizeable rise in goods imports.
Genmab jumps after positive trial of AbbVie-partnered lymphoma drug
Shares in Danish biotech group Genmab jumped to a three-year high on Tuesday after a late-stage trial of its lymphoma treatment developed with AbbVie delivered better outcomes than the current standard therapy.
Asos shares slump as customers get warning threat of 'hack'
Shares in Asos slumped almost 12% on Tuesday after thousands of customers received a mobile phone alert claiming the online fast fashion retailer had been hacked.
US pre-open: Futures firmer with bond yields easing from multi-decade highs
Wall Street futures were in the green ahead of the opening bell on Tuesday as Treasury yields headed south.
Eurozone retail sales inch higher
Eurozone retail sales edged higher in August, partly reversing the previous month's decline, according to figures released by Eurostat on Tuesday.
London midday: FTSE rallies but Asos tumbles on reports of cyber hack
London stocks were still in the black by midday, having taken their cue from a solid session on Wall Street, where the Nasdaq hit a closing high, as investors mulled the latest reading on the UK construction sector.
Europe open: Shares jump on Wall St run despite French volatility
European shares opened sharply higher as US shares surged overnight driven by tech stocks, overshadowing surging bond yields in France and political instability in Spain after Prime Minister Pedro Sanchez called a snap election.
Europe midday: Shares, euro rally as French bond yields ease for now
European shares were sharply higher on Tuesday as French bond yields eased and the euro rallied slightly against the dollar.