Market Pulse
US close: Stocks mostly higher after unexpected rise in consumer confidence
US stocks finished mostly higher on Tuesday after a better-than-expected report on consumer confidence.
London close: Stocks decline as China slowdown fears persist
The FTSE ended lower on Tuesday as woes about China’s slowdown and the weakness in commodities persisted despite a rebound in mining stocks.
Commodities: Oil, precious metals stabilise but copper hits six-year low
Oil and precious metals stabilised on Tuesday, but copper plummeted to a six-year low in European trading over fears of a Chinese slowdown.
Vodafone bosses buy company shares after Liberty Global deal called off
While Liberty Global may have lost interest in a deal with Vodafone, its management team certainly has more of an interest after the CEO and CFO purchased shares in the group.
SABMiller surges on reports of AB InBev deal funding
AB InBev has reportedly lined up Bank of America, Santander and Deutsche Bank among others for $70bn of funding for a possible SABMiller deal, Bloomberg reported on Tuesday.
Europe close: Markets slide amid mixed Eurozone data
European stocks edged lower on Tuesday, as a series of mixed economic reports from the Eurozone weighed on sentiment.
Bernstein reiterates Tesco and Sainsbury's hold ratings
The supermarket industry had a boost thanks to Bernstein reiterating some of its ratings.
New Android Marshmallow OS set to be launched
Google is expected to launch the latest version of its Android software on Tuesday.
Wednesday preview: Eurozone inflation data, US private payrolls report
Eurozone inflation is expected to have fallen to zero growth in the year to September, according to estimates ahead of Wednesday’s report.
Better Capital completes Fairline Boats sale
Investment group Better Capital said its BECAP Fund has completed the sale of its stake in Fairline Boats to a special purpose acquisition vehicle affiliated with the Wessex Bristol group of companies.
FTSE 250 movers: Tullow gains on broker upgrades; Euromoney drops on acquisition
London’s FTSE 250 index was down 0. 8% to 16,489. 54 at 1528 BST, falling in line with the broader market as investors continued to fret about an economic slowdown in China.
London midday: China concerns weigh on sentiment to push stocks lower
London stocks slid on Tuesday following declines in Asia as growing concerns on China’s economic slowdown weighed on investor confidence.
FTSE 100 movers: Glencore rebounds; Wolseley sinks lower
The FTSE 100 was down 40. 21 points (0. 67%) mid-afternoon to 5,918. 65.
US open: Equity markets take tentative step forward, as consumer confidence soars
US stocks edged higher early on Tuesday, as Wall Street looked to bounce back from the previous session’s decline ahead of reports on consumer confidence and the housing market.
US consumer confidence beats expectations in September
US consumer confidence rose unexpectedly in September, figures released on Tuesday showed.
Broker tips: Glencore, HSBC, Barclays, Aldermore
Commodity trader Glencore took a beating on Monday, falling to its lowest level since its IPO in 2011, after Investec said the company’s equity value is zero at current spot prices, but two analysts came out in its defence on Tuesday.
Launch of 'Airbnb-meets-Tinder' social networking site for renters
The arrival of a brand new matchmaking service for renters is set to turn the way people search for housemates on its head.
Ergomed doubles profits as contract revenues increase
Ergomed has doubled its half year gross profit after increasing revenues from its clinical studies and pharmacovigilance contracts.
Investec starts coverage of Aldermore at 'buy'
Aldermore is often described as a “challenger” to the larger UK banking groups but in reality it is largely unaffected by them, Investec said.
FX Roundup: Dollar rides high as India slashes interest rates
The dollar continued to trade higher on Tuesday for better parts of the trading session in Asia and Europe, while the Reserve Bank of India moved to cut interest rates.