Market Pulse
US close: Stocks end mostly in the red as trade data, IMF weigh
Stocks on Wall Street ended mostly in the red on Tuesday as the widening of the US trade deficit and a more downbeat assessment of global growth from the International Monetary Fund undermined sentiment ahead of the third-quarter earnings season.
IMF cuts global growth forecast due to commodity slump
The International Monetary Fund trimmed its forecast for the world economy as a result of slower growth in some large emerging-market economies and oil-exporting countries.
Devro completes PVI deal
Collagen products manufacturer Devro has completed the acquisition of Dutch sector peer PV Industries (PVI) for €12. 5m (£8. 88m).
Commodities: Oil spikes but market doubts persist as IMF cuts global growth forecast
Oil and gold futures spiked on Tuesday, while base metal trading remained mixed as the International Monetary Fund moved to cut its world growth forecast.
Drum REIT acquires three properties in £20m deal
Investment group Drum Income Plus Real Estate Investment Trust has completed the acquisition of three UK properties for a combined £20m.
Sector movers: Oil and gas stocks nudged higher by Shell
Oil and gas related stocks pushed the London market higher on Tuesday, after Royal Dutch Shell’s chief executive gave the market a confidence boost.
Glencore outlines impact of possible credit downgrade
Glencore has released a summary of its financing arrangements, including a look at the impact if the company’s credit rating gets downgraded.
Europe close: Markets advance amid mixed bag of economic data
European stocks edged higher on Tuesday as investors mulled over a series of data releases amid expectations that central banks will continue with their easing monetary policies.
London close: Stocks end higher as miners and oil producers rally
The FTSE reversed an earlier decline on Tuesday to end higher, led by mining and energy producers as oil and base metal prices rallied.
Mass immigration brings close to zero economic benefits - Theresa May
Mass immigration brings “close to zero” economic benefits to the UK, Conservative interior minister Theresa May said on Tuesday.
FX Roundup: Dollar slides as US trade deficit widens, RBA holds firm
The dollar fell against a basket of global currencies on Tuesday, as the US trade deficit widened with exports plummeting to a three-year low on the US currency’s relative strength in recent months.
Dalata Hotel directors help fund new hotels
Dalata Hotel Group’s directors have increased their stake in the company as the company raised funds for further expansion.
Emerging market assets still face multiple sources of risk
US debt markets rallied following the latest US payrolls figures, but the respite for emerging market assets is likely to be more limited, given the multiple fundamental risks they still face.
President Energy acquires remaining stake in Paraguay project
Oil and gas explorer President Energy has agreed a deal to buy Pirity Hidrocarburos’s 36% stake in the Pirity Concession oil in Paraguay.
Flat sales send Stanley Gibbons shares plunging
Stanley Gibbons’ sales for the first half of the year are expected to be flat and profit is expected to take a hit, according to a trading update which sent shares plunging on Tuesday.
Nostra Terra and Independent Resources jump on Egypt deal
Shares in Nostra Terra Oil & Gas jumped on Tuesday, after the group’s joint venture with Independent Resources agreed to acquire an asset in Egypt.
Aquarius Platinum rockets on Sibanye Gold offer
Shares in Aquarius Platinum rocketed as investors welcomed news that Sibanye Gold has agreed to buy the company for $294m.
US open: Stocks struggle for direction as Wall Street takes a breather from rally
US stocks struggled for direction early on Tuesday, as the recent rally looks set to ease up a little ahead of the third quarter earnings season.
FTSE 100 movers: Shell in confident mood; SABMiller plunges as informal offer rejected
After a slow start, the FTSE 100 was up 22. 23 points (0. 35%) to 6,321. 15 mid-afternoon Tuesday.
Wednesday preview: Tesco to report drop in first half earnings, no dividend, analysts say
Tesco reports its first half results on Wednesday with analysts expecting a drop in earnings and revenues amid a supermarket price war.