Wall Street stocks closed lower on Tuesday amid stimulus headlines and another slab of corporate earnings.
Some market commentary holds that policymakers at the Federal Reserve might strengthen their forward guidance on interest rates.
Stocks in Europe were little changed overall on Tuesday although they did give back early gains despite reports that US lawmakers were preparing a further $1. 0trn round of fiscal stimulus.
London’s benchmark managed to break back into the green by the close after a choppy session on Tuesday, as investors weighed worries about a rise in new coronavirus infections against hopes of a US stimulus package, and a strong showing in the housebuilding sector.
Analysts at Jefferies upgraded energy services and solutions company Centrica's shares to 'buy' on Tuesday, stating the group now appeared to be "taking back control".
Analysts at Berenberg raised their target price on drinks maker Fevertree's shares from 2,250. 0p to 2,350. 0p on Tuesday after the group managed to consistently achieve "impressive" off-trade sales growth since the pre-lockdown stockpiling period.
Consumer sentiment in the States ebbed a bit more than expected in July as Americans tempered their short-term expectations.
Headlam Group revealed on Tuesday that non-executive director Keith Edelman had acquired 7,059 ordinary shares in the London-listed floor coverings business.
Healthcare services company Uniphar updated the market on its first half on Tuesday, saying it had performed in line with expectations for the six months through June at both a gross profit and EBITDA level.
Global GDP will fall 5% this year, while the UK economy will shrink 10% and unemployment will reach 10%, according to the National Institute of Economic and Social Research.
London’s FTSE 250 was up 0. 6% at 17,251. 92 in afternoon trade on Tuesday.
London’s FTSE 100 was up 0. 3% at 6,120. 42 in afternoon trade on Tuesday.
Wall Street stocks opened lower on Tuesday amid stimulus headlines and another slab of corporate earnings.
Home price inflation in the States slowed in May, the results of a closely-followed gauge revealed.
UK-focussed onshore exploration and development company Union Jack Oil announced on Tuesday that the Oil and Gas Authority has approved its acquisition of a further 3% interest in PEDL253, containing the Biscathorpe Prospect, from Montrose Industries.
Selfridges has told staff it plans to cut 450 jobs or around 14% of its total headcount as annual sales are set to be "significantly less" than in 2019 because of the pandemic.
Shares in pharma giant Pfizer were in the green ahead of the bell on Tuesday after posting better-than-expected second-quarter earnings and raising its full-year guidance.
Professional services firm Norman Broadbent expects to record positive earnings before interest, tax, depreciation and amortisation for the six months ended 30 June despite falling revenues.
Princess Private Equity has entered into a new investment management agreement with Partners Group, it announced on Tuesday, with effect from 1 July.
The FCA said on Tuesday it would be introducing a ban on discretionary commission models as some car retailers and motor finance brokers potentially sell more expensive credit to customers in order to receive commissions.
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