Wall Street trading took a positive turn by the close on Tuesday with all three major indices in the green, and the Dow ending its six-day losing streak, buoyed by promising economic data.
Retailers paced gains on the stock market on Tuesday, led by advances for names with a digital exposure including Asos, Boohoo and Next.
European shares ended higher, even as a rally driven by a promise of economic stimulus from the country’s premier lost steam.
London stock markets presented a muted picture at the close of trading on Tuesday, following an early surge influenced by optimism about Chinese economic growth, which subsequently lost momentum.
Investors' focus in the middle of the week was likely to be on the European Central Bank's central banking forum in Sintra, Portugal.
Berenberg reinitiated coverage of Informa on Tuesday with a ‘buy’ recommendation and 820p price target.
Analysts at J. P. Morgan retained their 'overweight' stance for BAE Systems despite speculation that the past weekend's events in Russia might foreshadow a quicker end to the war in Ukraine.
Consumer confidence in the US bounced back led by younger Americans with fewer respondents expressing concern over a looming recession.
New home sales in the US jumped past forecasts in May.
US stocks were trading slightly higher in the early going following the release of a batch of upbeat economic reports.
Telecom Plus - which trades as Utility Warehouse - hailed record full-year profits, revenue and customer growth on Tuesday as it hiked its dividend.
Consumer goods giant PZ Cussons said it expected to take a hit from the recent devaluation of the Nigerian naira, but would report higher annual sales and profits.
Orders for goods made to last more than three years soared in May, even if the bulk of the growth was due to increased orders for civilian jets.
Imperial Brands was on the list of director buys on Tuesday, after a non-executive director spent more than half a million dollars on shares.
Built environment software specialist Eleco announced the acquisition of BestOutcome, a leading UK provider of project portfolio management (PPM) software, on Tuesday.
E-commerce infrastructure payments and platform provider MobilityOne updated the market on its joint venture plans with Super Apps on Tuesday, after a statement was filed by Technology & Telecommunication Acquisition Corporation (TETE) on 26 June.
Tin mine developer Cornish Metals announced the successful installation of the first submersible pump at the New Cooks Kitchen shaft on Tuesday.
Galileo Resources has exercised its option to enter a joint venture and acquire a 51% interest in the Shinganda Copper-Gold Project in Zambia, it announced on Tuesday.
Walgreens Boots Alliance made significant revisions to its full-year guidance as it released its third-quarter results on Tuesday.
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