Lenders' shares paced the advance on the Continent as the number of Covid-19 infections and deaths continued to slow in most countries, paving the way for governments to gradually ease their lockdown measures.
International Airlines Group announced thousands of redundancies in anticipation that the recovery in international air traffic might take several years.
London stocks managed to close positive on Tuesday, with BP shares rising even further through the afternoon as the oil major maintained its dividend, despite a slide in quarterly profits.
Carmaker Ford said Tuesday that it expects to reopen its European plants starting Monday with safety measures in place to prevent the coronavirus spread.
The focus in the middle of the week will be on the US central bank with investors keen to know the Federal Reserve's take on the current state of economies and financial markets around the world.
Berenberg double-downgraded its stance on Sainsbury’s to ‘sell’ from ‘buy’ on Tuesday but lifted Morrisons to ‘buy’ from ‘hold’ as it took a look at the food retail sector.
Scancell revealed on Tuesday that non-executive director Martin Diggle had sold 1. 5m ordinary shares in the AIM-listed biotechnology firm.
The US consumer was blindsided by the Covid-19 pandemic as reflected in a closely-followed confidence gauge.
Oilex told shareholders on Tuesday that an agreement with Doriemus to reach an alternative agreement over the proposed purchase of Oilex's interests in the Cooper Basin by Doriemus has not been reached.
Advanced materials engineering company Versarien announced on Tuesday that its subsidiary, 2-DTech, has been awarded a grant of up to £104,000 from the Advanced Propulsion Centre (APC).
London’s FTSE 250 was up 1. 5% at 16,184. 68 in afternoon trade on Tuesday.
Wall Street trading got off to a mixed start on Tuesday as several US states began the process of reopening their economies.
Burford Capital, the litigation finance specialist, saw total income slide in 2019 but predicted a strong performance in the current year following the coronavirus outbreak.
UPS pulled its full-year guidance on Tuesday, after first-quarter income was dented by the Covid-19 pandemic and the introduction of lockdown measures.
House price inflation in the US rose more quickly than expected heading into the Covid-19 pandemic with prices rising in all major urban areas.
Pires Investments said on Tuesday Sure Valley Ventures (SVV) has made a new investment in Buymie Technologies, as part of a funding round by the company to raise €2. 2m (£1. 92m).
Republic of the Congo-focussed exploration and development company Kore Potash updated the market on operations in its first quarter on Tuesday, saying detailed work had continued on the Dougou Extension (DX) pre-feasibility study on its flagship, 97%-owned Sintoukola project during the period.
Housebuilder Barratt Developments said on Tuesday that it is eligible for support under the UK Government's Covid Corporate Financing Facility, should it be required.
RTC Group updated the market on the impact of the Covid-19 coronavirus pandemic on its business on Tuesday, as well as the measures it was taking to mitigate the associated risks.
London’s FTSE 100 was up 2% at 5,963. 96 in afternoon trade on Tuesday.
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