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Europe midday: Stocks give back early gains, single currency weakening past support
European shares turned lower mid-morning, surrendering early gains after a positive session in Asia overnight amid suggestions that the US could ease tariffs on China.
Euro drops to 20-year low against the dollar
The euro fell to a 20-year low against the dollar on Tuesday as investors scaled back expectations for more aggressive tightening by the European Central Bank.
JPMorgan puts Drax on ‘positive catalyst watch’, expects guidance upgrade
JPMorgan Cazenove put Drax on "positive catalyst watch" on Tuesday, saying it expects the renewable energy company to upgrade guidance at its interim results.
Saga on course to return to profit as travel picks up
Cruises-to-insurance group Saga said it remained on course to turn an annual profit following a strong start to the year.
US pre-open: Futures in the red as USD rallies against EUR
Wall Street stocks were in the red ahead of the bell as the US dollar rallied against the Euro.
London midday: Stocks in the red as inflation, recession fears weigh
London stocks were firmly in the red by midday on Tuesday, as worries about inflation and a global recession dented sentiment again.
China's economy rebounds as pandemic restrictions ease
The services sector rebounded strongly in China last month, data published on Tuesday showed, as strict Covid-19 restrictions were eased.
Biden administration said to be mulling partial roll back of US trade tariffs on China
The Biden administration is expected to announce a partial roll back of US trade tariffs on Chinese goods exports as soon as this week.
Eurozone growth slows to 16-month low
Eurozone growth slowed sharply in June, a well-regarded survey showed on Tuesday, as the dominant services sector started to cool.
UK service sector growth better than expected in June
Growth in the UK services sector was stronger than expected in June, according to a survey released on Tuesday.
Deutsche Bank resumes coverage on 888 Holdings at 'buy'
Analysts at Deutsche Bank resumed coverage on gambling giant 888 Holdings at 'buy' on Tuesday, branding it as the "king of the hill".
RBC Capital ups Dechra to ‘outperform’, cites attractive entry point
RBC Capital Markets upgraded Dechra Pharmaceuticals on Tuesday to ‘outperform’ from ‘sector perform’, citing an attractive entry point.
Canaccord Genuity hikes target price on Kitwave
Analysts at Canaccord Genuity raised their target price on wholesale business Kitwave from 225. 0p to 345. 0p on Tuesday, stating a "strong" first half and a solid start to H2 had driven further upgrades to the stock.
UK new car sales fall 24% in June
New UK car sales fell almost a quarter in June, according to the Society of Motor Manufacturers and Traders.
Sainsbury's Q1 sales fall 4% as CEO warns pressure on households will rise
UK supermarket chain Sainsbury’s said first-quarter underlying sales fell 4% as consumers started to cut back on discretionary spending amid the cost of living crisis.
London open: Stocks nudge lower ahead of services PMI
London stocks were a touch lower in early trade on Tuesday, having failed to hold on to opening gains, as investors eyed the latest reading on the UK services sector.
Europe open: Shares edge ahead on talk Us-China tensions easing
European shares were higher at the open after a positive session in Asia overnight and suggestions that the US could ease tariffs on China.
Quiz swings to profit as revenues recover from pandemic hit
Fast-fashion retailer Quiz said on Tuesday that it swung back to full-year profit as revenues were boosted by the removal of Covid restrictions.
Supreme warns on profits amid lighting sales slowdown, shares tank
Supreme shares slid on Tuesday after the company warned on full-year revenue and underlying earnings, citing a slowdown in lighting sales.
Young & Co sees 'strong trading momentum' carry over into Q1
Pub chain company Young & Co's Brewery said on Tuesday that the "strong trading momentum" achieved in the final quarter of its previous trading year had carried over into the new one, with "an excellent start" to the current financial year.