US stocks closed higher on Tuesday as market participants again bet on the nation's economy opening up and cheered a further recovery in oil prices.
Weir Group and Cairn Energy were among the top performers on the second-tier index on Tuesday as front month Brent crude oil climbed to its highest level in three weeks and West Texas Intermediate crude oil futures extended their recent rally with a 20% jump.
People are less concerned about the economy and more about people’s wellbeing and have put their faith in governments around the world to get them through the coronavirus pandemic.
Stocks across the Continent finished higher despite a ruling from Germany's highest court that called into question some aspects of the European Central Bank's main bond purchase programme, the so-called Public Sector Purchase Programme.
Market focus on Wednesday will shift back towards the US jobs market.
Hiscox announced an equity placing on Tuesday to take advantage of market conditions, as it warned it could take a hit of between £10m and £250m from business interruption insurance.
London stocks closed in the black on Tuesday, underpinned by a strong showing from oil giants Shell and BP, as investors mulled the latest reading on the UK services sector.
Germany's top Constitutional Court called into question the "proportionality" of the European Central Bank's main bond purchase programme, the so-called Public Sector Purchase Programme, but did not call into question the basic outline of the monetary authority's strategy.
Analysts at Berenberg upped their target price on food ingredients manufacturer Tate & Lyle from 625. 0p to 665. 0p on Tuesday despite further reducing its full-year 2021 profit estimates for the group.
Cyber attacks have been directed at various UK and US labs by state-backed entities in an attempt to steal data from universities, pharmaceutical firms and research institutes involved in the development of a coronavirus vaccine and studying the Covid-19 disease.
Fiat Chrysler Automobiles unveiled a slide into the red on Tuesday, after the Covid-19 pandemic and ensuing upheaval battered first-quarter trading.
Adam Neumann, co-founder and former CEO of WeWork, has accused Japanese firm Softbank for what he alleged was its abuse of power in relation to the termination of an agreement to buy $3bn-worth of the company's stock.
Services sector activity in the States declined at a pace consistent with a six a per cent drop in gross domestic product.
Communications, advocacy and research company SEC Newgate said it had an “excellent start” to the current year in a trading update on Tuesday, with all businesses performing in line with, or ahead of, budget and management expectations.
London’s FTSE 100 was up 1. 4% at 5,833. 24 in afternoon trade on Tuesday, with oil stocks pacing the gains.
Ireland-based rock drilling engineering company Mincon Group said its revenue was up 4% overall in its first quarter on Tuesday.
US stocks opened higher on Tuesday as market participants again bet on the nation's economy opening up and cheered a further recovery in oil prices.
Industrial engineering company 600 Group updated the market on its trading in light of the Covid-19 coronavirus pandemic on Tuesday.
Life sciences company OptiBiotix Health has entered a three-year distribution agreement with Pierce Group Asia subsidiary Pierce ESIM, it announced on Tuesday.
Cryptocurrency miner Argo Blockchain updated the market on its operations in April on Tuesday, saying it mined 319. 2 Bitcoin or Bitcoin equivalent (BTC) during the month, down from 333. 8 BTC in March.
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