Wall Street stocks closed lower on Tuesday as market participants thumbed over last month's producer price index and concerns related to the Covid-19 omicron variant continued to weigh on sentiment.
Financial markets' focus on Wednesday will be squarely on the US central bank's policy decision despite the fact that it will not be announced until after the close of markets in London.
European shares finished in the red following a higher than expected reading on US wholesale prices the day before a Federal Reserve meeting where rate-setters were expected to lay out plans for a faster pace of tightening policy.
London stocks had turned negative by the close on Tuesday, turning negative as trading opened across the pond, as producer inflation came in hotter-than-expected in the US in November.
London’s FTSE 250 was down 0. 4% at 22,559. 57 in afternoon trade on Tuesday.
London’s FTSE 100 was down 0. 1% at 7,226. 66 in afternoon trade on Tuesday.
Middle East and North Africa-focussed SDX Energy said on Tuesday that, due to operational issues affecting the drilling of the KSR-19 well and Covid-19 border restrictions impacting the mobilisation of equipment and personnel into Morocco, the current two-well campaign was delayed.
Driver monitoring technology company Seeing Machines announced the purchase of 350,000 shares on Tuesday, by Lombard Odier Asset Management (Europe) Limited.
Analysts at Canaccord Genuity reinstated their forecasts and price target for infrastructure, aviation and energy company Esken on Tuesday, hitting the stock with a 'buy' rating but lowering their target price on the stock to 23. 0p.
Energy asset technology company Getech announced on Tuesday that its wholly-owned subsidiary H2 Green has signed a binding agreement with SGN Commercial Services to develop a major green hydrogen production, storage and distribution facility on SIGNs former gas holder site in Inverness.
Tekcapital announced on Tuesday that Innovative Eyewear, a United States subsidiary of its portfolio company Lucyd, has filed with the US Securities and Exchange Commission (SEC) for a proposed initial public offering.
Tesco has averted another potential strike in the middle of the busy pre-Christmas trading period, it was reported on Tuesday, as it reached a new pay agreement with the Usdaw trade union.
Wall Street stocks were mixed early on Tuesday as market participants thumbed over last month's producer price index and concerns related to the Covid-19 omicron variant continued to weigh on sentiment.
Derwent London said on Tuesday that it has been selected by the Moorfields Eye Hospital NHS Foundation Trust and UCL as their preferred bidder for the acquisition of the freehold of City Road Island, 162 City Road and 11-43 Bath Street EC1.
Rolls-Royce said on Tuesday that Sarah Armstrong will take on the role of chief people officer with effect from 1 January 2022.
The Omicron variant will dent global oil requirements but not derail the recovery in demand, the International Energy Agency said.
Agricultural fuel, food and feed distributor NWF Group updated the market on its first half on Tuesday, reporting that trading in the latter part of the period was strong, with underlying trends in its markets consistent through the half-year.
Producer prices rose more quickly than expected in November amid widespread gains the various categories of goods.
Lithium developer Bradda Head announced the start of exploration drilling at its Wikieup project in Arizona on Tuesday, confirming that drilling has started following it obtaining full drilling permits after bond payment adjudication on 9 December.
Live events agency Aeorema Communications lifted its revenue and earnings expectations on Tuesday, indicating first-half profitability for the first time in several years, and announced the appointment of Hannah Luffman to its board as group commercial director.
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