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US close: Stocks end in the red as IMF cuts growth forecasts
US stocks ended in the red on Tuesday as the International Monetary Fund downgraded its US growth forecasts and investors digested comments from a Federal Reserve official who suggested interest rates should be hiked.
ECB officials reach consensus on tapering bond-buying, report says
Policy-makers at the European Central Bank had reached an informal consensus that their bond purchase programme would need to be tapered, according to Bloomberg.
FX round-up: Pound hits fresh 31-year low despite BoE optimism
Selling pressure on the pound carried over from the previous session and with a dash of 'hawkish' Fedspeak offsetting somewhat positive data on the economic front.
UK will be fastest growing G7 economy this year, IMF says
The International Monetary Fund has predicted the UK will be the fastest growing of the G7 country this year, backtracking on its prediction that Brexit will lead to a financial crisis.
MPC still has room to act if needed, BoE's Saunders says
The Bank of England continued to enjoy "considerable flexibility" to respond to economic developments, whether they be positive or negative, the Monetary Policy Committee's newest member said.
Commodities: Dollar strength pushes precious metals sharply lower
Strength in the greenback piled pressure on commodities, especially in the precious metals space.
IMF cuts US growth forecasts, warns on populist threat
The International monetary Fund (IMF) marked down its forecast for the United States this year to 1. 6%, from 2. 2% in July, due to rise in political uncertainty in the lead up to the November election.
Small cap round up
EasyHotel has been granted planning permission for a 204-room hotel on the Gran Via in Barcelona. The group said acquisition of the land for the new-build hotel is expected to complete in the coming weeks and the hotel is due to open in early 2018.
Europe close: Stocks gain as banks push higher
European equities rose on Tuesday, with shares in Deutsche Bank edging higher and stocks in London boosted by a weaker pound.
Trinity Biotech plummets after withdrawing heart attack device from FDA
Shares in healthcare manufacturer Trinity Biotech plunged after it withdrew the application for its heart attack diagnosis device with the US Food and Drug Administration on the regulator’s guidance.
Vice presidential candidates Pence and Kaine to face off in debate
After last week's fiery debate between Donald Trump and Hillary Clinton ahead of the US presidential election in November, Tuesday will see their respective running mates Mike Pence and Tim Kaine go at it in another televised debate.
London close: Stocks jump as pound plunges to 31-year low on Brexit
London stocks jumped on Tuesday as sterling fell to a 31-year low against the dollar after Prime Minister Theresa May said in the previous session she would trigger Article 50 by March 2017.
Journey Group could be swallowed by Harwood vehicle
Jaguar Holdings and Journey Group announced on Tuesday that they are in discussions with regard to a possible offer to be made by Jaguar for the entire issued and to be issued share capital of Journey.
Facebook debuts online buy and sell Marketplace
US social media giant Facebook's expansion continues as it has launched "Marketplace", a local online buy-and-sell platform for its users.
Venn Life Sciences to offload Innovenn UK
Contract research organisation Venn Life Sciences announced on Tuesday that its wholly owned subsidiary, Venn Life Sciences Limited, has entered into a conditional agreement under which it and Lynchwood Nominees Limited, as custodian for the Helium Rising Stars Fund, would sell the entire issued share capital of Innovenn UK Limited for a total consideration of up to £4. 74m.
Ariana Resources expects first production from Turkey gold mine in Q4
Gold miner Ariana Resources said it was expecting the first production from its joint venture project in Turkey with Proccea Construction in the final quarter of the year.
Sector movers: Construction and aerospace lead advance
Construction and industrial engineering stocks led the way higher, with shares in aerospace and defence close behind thanks to the favourable tailwind from the pound's depreciation.
Plutus PowerGen shares fall as company secures financing
Flexible power projects developer Plutus PowerGen announced on Tuesday that it has arranged a £3m asset financing facility for one of its indirect investment companies with Lombard North Central, a subsidiary of Royal Bank of Scotland.
FTSE 250 movers: Exporters exce but OneSavings tops the list
Boosted by another plunge in the pound that is expected to prop up exporters, the FTSE 250 was 1. 66% higher late on Tuesday.
US open: Stocks mixed as IMF cuts US economic growth forecasts
US stocks were mixed on Tuesday as the International Monetary Fund lowered its growth forecasts for the world’s largest economy and a Federal Reserve official suggested interest rates should rise.