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US close: Stocks snap eight-day win streak as investors await Powell speech
US stocks inched lower on Tuesday, bringing Wall Street's longest winning streak of 2024 to a close with investors taking profits after eight straight days of gains for the S&P 500 and Nasdaq.
Sector movers: Big Oil proves biggest drag amid demand concerns
Big Oil was the biggest drag on the FTSE 350 amid concern about global oil demand.
UBS downgrades Segro, cites weaker outlook for logistics rental growth
UBS downgraded Segro on Tuesday to ‘neutral’ from ‘buy’ and cut the price target to 985p from 1,045p due to a weaker outlook for logistics rental growth.
Europe close: Investors take profits after five days of gains
After an initial positive start, European stock markets dropped into the red on Tuesday afternoon as the five-day winning streak for the Stoxx 600 came to an abrupt end ahead of a pivotal week for financial markets.
German economy will avoid recession in Q3, Bundesbank predicts
The Bundesbank said on Tuesday that it expects the German economy to avoid a technical recession and return to growth in the third quarter of 2024, according to the central bank's monthly report for August.
Broker tips: Judges Scientific, Serco
Analysts at Berenberg hiked their target price on scientific instruments business Judges Scientific from 12,000. 0p to 12,400. 0p on Tuesday following the firm's acquisition of Teer Coatings holding company Magsputter.
London close: Stocks finish lower as oil prices retreat
London's stock markets ended the day in negative territory on Tuesday, pressured by declines in energy stocks as oil prices fell.
Director dealings: Audioboom chairman raises stake
Audioboom revealed on Tuesday that chairman Michael Tobin had acquired 5,000 ordinary shares in the AIM-listed podcast group.
FTSE 250 movers: Ocado, financial stocks pull mid-tier index lower
The FTSE 250 was trading 0. 4% lower on Tuesday afternoon as gains in the mining and housebuilding sectors were outweighed by heavy falls from Ocado and a bunch of financial stocks.
US open: Stocks lower as attention turns to Federal Reserve
Wall Street stocks were in the red early on Tuesday as investors turned their attention towards the Federal Reserve Bank.
Johnson & Johnson to buy V-Wave for up to $1.7bn
Johnson & Johnson said on Tuesday that it has agreed to buy V-Wave, a privately-held company focused on developing treatment options for patients with heart failure, for up to $1. 7bn.
FTSE 100 movers: BT hit as CityFibre strikes deal with Sky; Fresnillo shines
London’s FTSE 100 was down 1% at 8,276. 04 in afternoon trade on Tuesday.
EU lowers planned tariffs on Chinese made Teslas
The European Union said on Tuesday that it will lower planned tariffs for Tesla vehicles imported to the bloc from China from 20. 8% to 9% as it announced a number of reductions to planned import duties from other Chinese electric carmakers.
Hobbycraft on brink of being bought by Modella Capital - report
Arts and crafts retailer Hobbycraft is reportedly on the brink of being sold to a specialist investor whose executives have backed chains including Paperchase and Tie Rack.
Sports entertainment driving strong trading for Light Science Technologies
Light Science Technologies, which operates across three divisions - controlled environment agriculture (CEA), contract electronics manufacturing (CEM), and passive fire protection (PFP) - announced strong trading in its CEM division on Tuesday, with the receipt of a third order from a key customer in the sports entertainment sector.
Berenberg raises target price on Judges Scientific
Analysts at Berenberg hiked their target price on scientific instruments business Judges Scientific from 12,000. 0p to 12,400. 0p on Tuesday following the firm's acquisition of Teer Coatings holding company Magsputter.
Gold prices hit fresh highs amid US rate cut expectations
Gold prices hit a new all-time high on Tuesday amid growing expectations of US rate cuts in September and after the People’s Bank of China issued new import quotas.
US pre-open: Stocks futures mixed as traders await Fed comments
Wall Street futures were mixed ahead of the opening bell on Tuesday as investors turned their attention firmly towards the Federal Reserve Bank.
Europe midday: Stocks pare early gains as rally fades
European stock markets pared earlier gains by Tuesday lunchtime as the Stoxx 600's five-day winning streak began to lose steam.