Market Pulse
US close: Stocks end a little weaker on Brexit woes, ahead of Fed
US stocks ended a touch lower on Tuesday as investors remained risk-averse amid worries about the possibility the UK might vote to leave the European Union and ahead of the Federal Reserve’s interest rate decision.
Sector movers: Financial services, real estate pace losses
The results of another online poll pointing to increased momentum for the 'Leave' camp ahead of the EU referendum was again weighing on sterling and financial services and real estate investment firms on Tuesday.
Brexit has seven point lead in latest TNS poll
Brexit has a seven point leave over Remain according to the latest TNS online poll on Tuesday, while the UK’s biggest selling newspaper urged its readers to vote to leave.
Commodities: Precious metals continue to advance
Gold futures for delivery in August traded on COMEX edged higher by 0. 25% to finish the session at $1,290. 10, while silver futures slipped 0. 25% to $17. 40/oz. despite pronounced strength in the US greenback.
Europe close: Ongoing Brexit concerns keep a lid on shares
European stocks fell on Tuesday as investors again shunned risk for the relative safety of bonds amid growing concern the UK might indeed vote to leave the European Union at the upcoming referendum and ahead of rate announcements from the Federal Reserve, the Bank of England and the bank of Japan later this week.
London close: Brexit worries weigh on UK equities
London stocks finished in negative territory on Tuesday on Brexit fears and a worse-than-expected UK inflation report.
Directors dealings: Breedon scoops up some shares
Breedon Aggregates's boss moved to show faith in the company's prospects as the Brexit-related uncertainty takes its inevitable toll on economic activity in the UK and the country's construction sector.
Uber trials helicopter service in Sao Paulo
Uber took to the skies in Brazil’s biggest city this week, with the ride-hailing app offering helicopters to commuters wishing to escape the notorious São Paulo traffic.
Cable skids after TNS Brexit poll
Cable slipped further on Tuesday afternoon, after TNS said its latest poll of voting intentions at the 23 June EU referendum had revealed a "significant lead" for the 'Leave' camp.
US open: Stocks fall ahead of EU referendum, Fed rate decision
US stocks fell on Tuesday as investors remained risk-averse ahead of Britain’s European Union referendum and the Federal Reserve’s interest rate decision.
FTSE 250 movers: Go-Ahead goes into reverse on Govia warning
The FTSE 250 index was in the red on Tuesday afternoon as Brexit worries mingled with some disappointing company updates.
FTSE 100 movers: Brexit fears push housebuilders even lower
The FTSE 100 was down in afternoon trading on Tuesday, after UK inflation data missed expectations and Brexit worries intensified.
Cable slumps after YouGov poll shows large jump in support of Brexit
The latest polls of voting intentions ahead of the 23 June referendum appeared to show a further large increase in support for ‘Leave’ which immediately weighed on the pound.
TfL updates Johnston typeface for the digital age
Transport for London announced an update to its iconic Johnston typeface on Tuesday, bringing it into the “digital age” with the launch of Johnston100.
Alibaba sees revenue growth of 48% in 2017
Chinese e-commerce giant Alibaba expects its full-year revenue for 2017 to rise 48%.
Commercial insurers face more claims, slimmer margins from August - Fitch
Insurers are likely to face more more claims, more intense price competition and slimmer margins, Fitch Ratings said, due to changes to UK laws on disputing commercial insurance claims and timing of payments due to come into force in August and next year.
UBS ups Centrica to 'buy' on improving outlook
UBS upgraded Centrica to ‘buy’ from ‘sell’ and lifted the price target to 255p from 185p saying the outlook for the stock has changed.
US small business optimism edges higher in April, NFIB says
A gauge of small US businesses' sentiment edged higher in May.
Onzima Ventures highlights cancer vaccine potential in N4 Pharma vector
Ozima Ventures said its 49%-owned N4 Pharma has produced encouraging initial research about the versatility and durability of its vector technology that could make it suitable for delivering anti-cancer vaccines and other therapies.
US retail sales rise more than expected in May
US retail sales rose more than expected in May, according to data from the Commerce Department.