Market Pulse
US close: Markets mixed as Fed meeting begins
Markets in New York ended mixed on Tuesday, with energy leading as oil prices climbed, and investors waited ahead of a number of corporate results and major central bank meetings.
Commodities: Russia does not expect output freeze before June OPEC meeting
Commodities were wanted as the US dollar came under pressure ahead of the Federal reserve and Bank of Japan´s next policy meetings.
Bonds: Gilts underperform despite bumper demand for very long-term dated Gilts
These were the movements among some of the most widely-followed 10-year sovereign bond yields:.
Sector movers: Banks and homebuilders lead gains
Banks and real estate and property stocks rode to the top of the leaderboard on the heels of well-received quarterly earnings from StanChart and a perception that Brexit risks were fading, although analysts and market commentary were cautious on both counts.
FX round-up: Pound higher as some speculators get 'stopped-out'
Cable continued climbing higher amid talk that some positions were getting 'stopped out' as markets appeared to grow less worried that voters in the UK would vote to exit the European Union on 23 June.
Europe close: Stocks mixed ahead of central bank meetings
European stocks were mixed on Tuesday as oil prices recovered and investors sifted through a deluge of corporate news at the start of the Fed’s two-day policy meeting.
London close: Stocks close higher as investors weigh earnings, await Fed decision
UK stocks closed higher on Tuesday as traders weighed a deluge of earnings and awaited the Federal Reserve’s interest rate decision.
Tuesday newspaper share tips: Vodafone, Rexam
Vodafone´s upcoming full-year figures should dispel investors´ doubts about the sustainability of its dividend policy and the high rating accorded to its shares, The Daily Telegraph´s Questor team said.
Directors dealings: Balfour Beatty chief buys into restructuring story
Stock in Balfour Beatty got a boost after the company reported that chief Leo Quinn had picked up a hefty number of shares.
US consumer confidence dips in April
US consumer confidence fell in April, missing economists’ expectations, according to data from the Conference Board.
US open: Stocks gain as traders weigh earnings, await FOMC rate decision
US stocks gained on Tuesday as traders sifted through another barrage of corporate earnings and awaited the Federal Reserve’s interest rate decision.
Markit's US services PMI touch weaker than expected
Data from Markit pointed to a modest rebound in business activity across the US service economy in April.
FTSE 250 movers: Cobham tanks on profit warning; Aberdeen hit by downgrade
London’s FTSE 250 was down 0. 2% to 16,930. 46 in afternoon trading.
FTSE 100 movers: Standard Chartered lifted while AstraZeneca sinks
The FTSE 100 was treading water on Tuesday afternoon, managing to keep itself in the black in contrast to its sibling index.
Bond yields set to rise, Credit Suisse says
The US central bank´s 'dovishness' led to a "dramatic" decoupling between bond yields and cyclicals over the past two months, with the former falling even as the latter outperformed, but investors would be best advised to follow the latter, Credit Suisse said.
US house prices rise a touch less than expected in February
House prices in the US rose a touch less than expected in February, according to the S&P/Case-Shiller National Home Price Index.
Hungary´s central bank cuts interest rates, as expected
Hungary´s currency strengthened following the central bank´s decision to cut interest rates, with analysts forecasting further reductions in the months ahead given the outlook for prices to remain in negative territory throughout much of 2016.
US durable goods orders rise less than expected
New orders for US durable goods rose 0. 8% in March to $230. 7bn, according to the Commerce Department, missing expectations of a 1. 8% increase.
JP Morgan downgrades Thomas Cook, upgrades TUI
TUI was making the most of the bumper UK summer holiday booking season, but the same could not be said of rival Thomas Cook, JP Morgan said.