Market Pulse
US close: Choppy day as markets wait to hear from Yellen
After a choppy session, US stocks finished in the red on Tuesday, as oil prices continued to slide and traders waited to hear from Federal Reserve chair Janet Yellen on Wednesday.
Bonds: US high-yield debt markets under pressure as oil slides
These were the movements in the yields of the most widely-followed 10-year sovereign bonds:.
Sector Movers: Resource stocks drag London market lower
Resource stocks got a hammering on Tuesday, dragging the London market further into negative territory.
Deutsche Bank's boss says financial position is 'rock solid'
Deutsche Bank’s balance sheet is “rock solid” the German lender’s boss, John Cryan, said in a letter sent to staff, according to reports.
Commodities: WTI futures plunge below $30/bbl
Oil futures endured another volatile session on Tuesday as the WTI front-month contract fell below $30 per barrel, while metals saw lacklustre trading in Europe.
UK trade deficit narrows in December
The UK’s trade gap with the rest of the world widened in the fourth quarter, data from the Office for National Statistics showed on Tuesday.
London close: Losses in commodity space weigh on Footsie
The UK's top-flight index finished in the red as losses overnight in Japanese equities filtered through into the European session, with weakness in the market for US energy companies' high-yield debt seen as the epicentre of current worries.
Europe close: Bank stocks lead losses again
Banks dragged the main European stockmarket indices lower again on Tuesday, with investors cautious amid on-going concerns over global growth and the possibility that tensions in some credit markets might be feeding-through into stocks.
FX Roundup: Dollar heads lower despite positive data
The dollar headed lower on Tuesday, reversing the previous session’s gains while the yen jumped on safe haven demand following turbulence in the equities market.
Hacker steals details of 10,000 US civil servants
The contact information of more than 10,000 employees of the US Department of Justice and the Department of Homeland Security was dumped online this week, with an anonymous pro-Palestinian hacker being blamed for the attack.
US open: Stocks tread water ahead of Yellen speech
Wall Street's main stockmarket gauges were treading water on Tuesday, following the steep losses seen in the previous session and ahead of a key speech from Fed chair Janet Yellen scheduled for the next day.
US job openings jump in December
Growth in the number of job openings in the US easily surpassed expectations in December, highlighting Fed chair Janet Yellen's policy quandary as economic growth slows and the stockmarket weakens, while the country's labour market tightens day by day, according to Pantheon Macroeconomics's chief economist, Ian Sheperdson.
Ban high denomination notes to tackle crime, says ex-bank boss
Global central banks should stop issuing notes of high denomination, such as the £50, $100 and €500 notes, in order to tackle crime, according to a banking sector veteran.
HSBC, UBS downgrade Randgold on valuation but lift target after results
Randgold Resources was the subject of a couple of ratings changes on Tuesday following the gold miner’s annual results the previous day.
Frontera Resources solidifies move into Ukraine
Frontera Resources moved to solidify its expansion into Ukraine on Tuesday, signing a memorandum of understanding (MOU) with UkrGasVydobuvannya (UGV), a subsidiary of the country's national energy company Naftogaz.
GVC non-exec offloads some shares
GVC Holdings’ non-executive director Norbert Teufelberger sold around 460,000 shares in the online gaming group at 490p each.
FTSE 250 movers: Redrow falls despite rise in profits
The FTSE 250 continued to slide on Tuesday, with the second tier market down 140. 79 points (0. 91%) to 15,357. 20 by mid-afternoon.
US wholesale inventories drop less than expected in December
US total wholesale inventories fell less than expected in December, figures released by the Commerce Department showed on Tuesday.
Tuesday broker round-up
Glencore: RBC Capital upgrades to outperform with a target of 135p. Barclays and JP Morgan stay at overweight and Goldman Sachs keeps at neutral.
Seriously depressed first half numbers for Sabien Technology
Sabien Technology was looking at some seriously depressed numbers in its first half trading on Tuesday, blaming reduced margins and increased costs for the result.