Market Pulse
Europe midday: Stocks extend gains on stimulus hopes
European stocks rose on Tuesday, extending earlier gains amid growing expectations of central bank stimulus and following the removal of political uncertainty in the UK.
US pre-open: Equity markets set for further gains
US futures pointed to a firmer open on Wall Street as better-than-expected earnings from industrial bellwether Alcoa and the removal of political uncertainty in the UK boosted sentiment.
Khan calls for Southern Rail to be taken from Go-Ahead's Govia
Mayor of London Sadiq Khan has called for the Southern Rail franchise to be withdrawn from train company Go-Ahead Group after months of delays and cancellations.
Boeing And Airbus locked in SpiceJet battle
Airplane manufacturers Boeing and Airbus are competing for a contract with revived Indian airline SpiceJet Ltd. for as many as 100 planes.
BoE likely to cut rates by at least 25 bps, says BofA Merrill Lynch
The Bank of England is likely to cut interest rates by at least 25 basis points on Thursday, according to Bank of America Merrill Lynch, which said the BoE has nothing to gain by waiting.
London midday: FTSE flat as traders await BoE's interest rate decision
The FTSE 100 was flat at midday on Tuesday as investors looked ahead to the Bank of England’s policy meeting later in the week.
Asian shares gain on stimulus hopes
Asian shares rose on Tuesday and the yen tumbled as investors welcomed Japanese Prime Minister Shinzo Abe’s call for further monetary stimulus.
UBS upgrades ITV after 18% share price drop
UBS upgraded broadcaster ITV to ‘neutral’ from ‘sell’ following an 18% share price fall, despite macroeconomic uncertainty and operational headwinds, noting that fundamental downside was limited.
German inflation picks up in line with forecasts in June
German inflation improved in line with forecasts in June but remained well below the European Central Bank’s target of just below 2%, official data showed on Tuesday.
General Motors will fight for equipment from bankrupt supplier
General Motors Co. is making a case for acquiring equipment from an auto parts supplier, whose bankruptcy claims have threatened 19 GM assembly plants in a contract dispute.
Newly-listed Hotel Chocolat reports 12% rise in full-year sales
Hotel Chocolat, which listed on AIM in May, posted a 12% increase in full-year revenue, which was slightly ahead of market expectations.
UK retail sales slide in June as clothing drags
UK retail sales growth slowed to just 0. 2% in June, with like-for-like sales dropping 0. 5% compared to the same month last year, according to the retail sales monitor survey from the British Retail Consortium and KPMG.
Europe open: Stocks rise as investors welcome removal of UK political uncertainty
European stocks rose in early trade as investors continued to welcome the removal of political uncertainty in the UK.
London open: FTSE relief rally continues but Carney comments eyed
London stocks continued to creep higher on Tuesday morning as an unexpected outbreak of political certainty boosted sentiment, helped by a record high on Wall Street overnight and another positive session in Asia.
ASOS reports 30% rise in retail sales
Online fashion retailer ASOS reported a 30% rise in total sales for the four months to 30 June and said it expects full-year sales growth to be at the upper end of the 20-25% range.
Premier Oil says FY production could surpass guidance
Premier Oil said on Tuesday that it continues to expect full-year output to be at or above the upper end of its guidance of 65,000 to 70,000 barrels of oil per day on the back of strong production from its existing and new North Sea fields.
Dechra Pharmaceuticals full-year revenue up 21%
Veterinary products manufacturer Dechra Pharmaceuticals said on Tuesday that full-year trading was strong and expressed confidence that it would not be hit by recent market volatility.
Galliford Try confident about construction future and record results
Housebuilder and construction group Galliford Try said it expects to report record full year results, with profit before tax meeting targets.
London pre-open: Stocks seen lower as focus shifts to Carney
London stocks were expected to open a little lower on Tuesday following strong gains in the previous session as investors awaited a speech by Bank of England governor Mark Carney.
Grafton Group says builders merchanting being hit by Brexit doubts
Builders merchant and DIY retailer Grafton Group said like-for-like revenue growth was negative in June as the current uncertainty about Brexit began to weigh on the building trade.