All eyes on Wednesday will be on the US Federal Reserve as its rate-setters meet to decide on policy.
Cyclicals dragged on the market on Tuesday amid a big drop in Auto and Parts stocks as a result of the ongoing war in Ukraine, which some analysts expected would seriously crimp output across the entire Continent due to the absence of certain components produced in the Eastern European country.
European shares were slightly lower on Tuesday as talks between Russian and Ukrainian negotiators continued, Chinese Covid cases climbed, and oil prices continued to retreat.
London stocks closed in negative territory on Tuesday, having taken their cue from heavy losses in Asia, as investors mulled economic data including the latest UK jobs figures.
Analysts at Berenberg cut their target price for shares of IAG due to the expected impact of higher fuel prices in the wake of the invasion of Ukraine.
Croda International was at the top of the buyers’ list on Tuesday, after it disclosed a purchase worth almost £0. 1m linked to its general counsel.
London’s FTSE 250 was down 1% at 20,262. 17in afternoon trade on Tuesday.
Analysts at Berenberg lowered their target price on live streaming technology outfit Vitec from 1,840. 0p to 1,590. op on Tuesday but stated the firm had still delivered a "solid recovery" and a "positive outlook" for 2022.
Wall Street stocks were in the green at the open on Tuesday as traders remained concerned about the ongoing Russia-Ukraine conflict and a spike in Covid-19 cases in China ahead of the Federal Reserve's all-important interest rate decision.
London’s FTSE 100 was down 0. 6% at 7,151. 31in afternoon trade on Tuesday.
Applied Graphene Materials has signed an exclusive distribution agreement with Taiwan-based Rayoung Chemtech, it announced on Tuesday.
United Oil updated the market on the drilling of the ASD-2 development well in the Abu Sennan licence, onshore Egypt on Tuesday, where it holds a 22% working interest in the licence operated by Kuwait Energy Egypt.
Sancus Lending Group said in a trading update on Tuesday that it was expecting revenue of about £9. 0m for the 2021 financial year, down from £10. 9m in 2020, and “slightly below” its previous expectations.
Energy pellet producer Active Energy announced on Tuesday that it has achieved ‘Chain of Custody’ (CoC) and ‘Controlled Wood’ certification for its ‘CoalSwitch’ fuel, compliant with the Forest Stewardship Council (FSC) standards.
Mobile content and data company Mobile Streams announced on Tuesday that it has raised £1. 2m before expenses, to create a new joint venture with Gfinity.
URU Metals announced results from the most recent phase of exploration drilling on the Zebediela Nickel Project on Tuesday, through its investment in Zeb Nickel Corporation.
Alternative asset manager Gresham House detailed a "year of significant growth" on Tuesday, with assets under management rising both organically and through acquisitions.
Industrial and property service provider Hargreaves Services announced further improvements to its expected trading results for year ending 31 May on Tuesday, due to a strong performance at its German joint venture Hargreaves Raw Materials Services (HRMS).
Wholesale price pressures in the US edged past forecasts last month amid a spike in energy prices.
Copper-gold exploration and development company Bezant updated the market on the Hope and Gorob drill programme on Tuesday, targeting previously-untested near-surface mineralisation.
Important Legal Notice about News Sources: Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news and we may not share the views of the author or publisher. We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.
The value of investments can fall and you may get back less than you invested.