Financial markets' focus in the middle of the week will be on the start of the European Central Bank Forum, with investors keen to hear the latest views from monetary authority's top officials on current economic conditions, although forecasts appear to be in a state of flux following the latest Covid-19 vaccine news.
Wall Street stocks were mixed after the opening bell on Tuesday following a strong rally seen in the previous session on the back of Covid-19 vaccine-related optimism.
Wall Street stocks turned in a mixed performance on Tuesday following a strong rally seen in the previous session on the back of Covid-19 vaccine-related optimism.
European shares added to Monday's sharp gains after EU lawmakers agreed to the outlines of the bloc's next long-term budget.
Aerospace and Defence names were again higher, although analysts' opinions were a little divided when it came to the likes of engineer Rolls Royce or budget airlines.
Analysts at Peel Hunt downgraded their recommendation for shares of Flutter Entertainment following the shares' recent strong performance and after marking down its estimates for the sports betting gambling firm's earnings in 2021.
London stocks closed in positive territory again on Tuesday, as investors continued to cheer upbeat news on Pfizer and BioNTech’s Covid-19 vaccine.
Citi downgraded its stance on shares of package holiday provider On The Beach on Tuesday to 'neutral' from 'buy' following the 29% share price rise a day earlier on the back of positive news about Pfizer and BioNTech's Covid-19 vaccine.
1spatial revealed on Tuesday that chief financial officer Andrew Fabian had acquired 100,000 shares in the AIM-listed software firm.
Oil and gas engineering services company Plexus has entered into a licence agreement with Schlumberger subsidiary Cameron International, it announced on Tuesday, granting a non-exclusive licence to enable Cameron to use its ‘POS-GRIP’ and ‘HG’ metal-to-metal seal method of wellhead engineering for the development of conventional and unconventional oil and gas surface wellheads.
Capita shares were pacing gains on the second-tier index after it told shareholders that it still expected to comply with its debt covenants at year end 2020.
Orosur Mining has received $0. 58m from Colombian company Monte Águila, it announced on Tuesday, which is a 50-50 joint venture between Newmont Corporation and Agnico Eagle Mines.
West Africa-focussed agriculture company Dekel Agri-Vision updated the market on its production for the wholly-owned palm oil project at Ayenouan in Côte d'Ivoire for October on Tuesday, reporting that crude palm oil production and sales prices increased 19% and 28% year-on-year, respectively, to 1,818 tonnes and €636 per tonne.
Data processing technology company Ethernity Networks has received an initial order from a new tier-1 North American aerospace original equipment manufacturer (OEM) customer, it announced on Tuesday, to provide its ‘ENET Avionic Ethernet Switch’ firmware and software, integrated into its FPGA-based ‘Universal Edge Platform’ (UEP) device.
London’s FTSE 100 was up 1. 4% at 6,274. 76 in afternoon trade on Tuesday as optimism over a Covid-19 vaccine continued to boost sentiment.
Exploration and development company Power Metal Resources updated the market on its Australian gold joint venture Red Rock Australasia on Tuesday, with another seven of the venture’s licence application now accepted.
Texas-focussed oil and gas exploration and production company Nostra Terra announced on Tuesday that the Cypress farm-out well at its Pine Mills oil field had now spudded.
Video games developer Codemasters has agreed to be bought by US-based Take-Two Interactive Software for around £759m.
On the Beach: Citigroup downgrades to neutral with a target price of 370p.
Brazil has suspended the final stage trials of a Chinese-made coronavirus vaccine after a patient suffered an adverse incident.
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