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FTSE 250 movers: Cairn Energy, Weir Group pace gains
Weir Group and Cairn Energy were among the top performers on the second-tier index on Tuesday as front month Brent crude oil climbed to its highest level in three weeks and West Texas Intermediate crude oil futures extended their recent rally with a 20% jump.
Europe close: Stocks recover after midday wobble as ECB reiterates goals
Stocks across the Continent finished higher despite a ruling from Germany's highest court that called into question some aspects of the European Central Bank's main bond purchase programme, the so-called Public Sector Purchase Programme.
Wednesday preview: US jobs data, Direct Line Group in the spotlight
Market focus on Wednesday will shift back towards the US jobs market.
German court says some aspects of ECB bond buying programme are 'unconstitutional'
Germany's top Constitutional Court called into question the "proportionality" of the European Central Bank's main bond purchase programme, the so-called Public Sector Purchase Programme, but did not call into question the basic outline of the monetary authority's strategy.
Sharp drop in US services PMI for April points to 6% fall in GDP
Services sector activity in the States declined at a pace consistent with a six a per cent drop in gross domestic product.
Europe midday: Stocks trim gains after German court questions ECB bond buying
Stocks across the Continent were modestly higher come midday but were trading off their best levels after Germany's Constitutional Court called into question some aspects of the European Central Bank's main bond purchase programme.