Market Pulse
London midday: Stocks gain on oil price rise, dovish Yellen
London stocks gained on Tuesday as oil prices rose and a speech by Federal Reserve chair Janet Yellen suggested an interest rate hike in June was off the table.
Credit Suisse bumps up target price for CCH
Credit Suisse bumped up its target price on shares of Coca Cola HBC following what it described as an "upbeat" investor seminar from the company on the previous day.
Asia report: Central banks lead markets higher
Asian markets closed largely higher on Tuesday, with investors reacting positively to US Federal Reserve chair Janet Yellen’s comments as well as hold calls from Australia and India’s central banks.
French trade deficit unexpectedly widens in April
France´s trade deficit registered an unexpected increase in April due to a sharp jump in imports, led by demand for manufacturing goods.
China FX reserves dip in May as US dollar strengthens
China´s foreign exchange reserves dipped in May, mainly due to strength in the US dollar, which by default entails a lower value for its holdings of the other main international reserve currencies.
Clinton sews up Democratic nomination, Sanders refuses to concede
Hillary Clinton looked to have secured the Democratic nomination for the United States presidential election early on Tuesday, with at least one count of delegates putting her over the line.
Europe open: Mining and oil stocks pace gains
European markets started the day on the front foot, with mining and oil stocks figuring prominently among the morning´s best performing sector after Wall Street´s main stockmarket gauge moved closer to its all-time highs overnight.
London open: Stocks rise as oil prices continue to rally
London stocks rose on Tuesday as oil prices continued to gain on supply disruptions in Nigeria and forecasts for falling US crude inventories.
Sports Direct's Ashley thanks workers ahead of select committee
High street retailer Sports Direct published a statement on Tuesday, over the decision from chairman Mike Ashley to appear before the Business, Innovation and Skills Select Committee.
Tuesday newspaper round-up: EU referendum, Brexit, Mining
Bankers, traders and analysts are preparing for a night in the office on 23 June to respond to exit polls on the EU referendum that could spark wild swings in foreign exchange and bond markets. In echoes of the preparations for the Scottish referendum in 2014, major City firms will have teams of experts available through the night to respond to customer queries and demands to move money. - The Guardian.
London pre-open: Stocks to drift lower despite gains on Wall Street
Equities in London are expected to start the session slightly lower despite overnight gains on Wall Street, led by oil stocks, as reports of supply disruptions around the globe continued to reach the trading floor.
Shell raises target for cost savings
London open The Footsie is seen starting the session six points lower from Monday´s closing level of 6,273. 40.
Esure hints at Gocompare demerger, appoints new CEO
Direct sales insurance firm Esure announced a strategic review of its Gocompare comparison service on Tuesday, and indicated an interest in spinning it out on its own.