Market Pulse
US close: Stocks rise as oil prices rebound, traders cheer earnings
US stocks climbed on Tuesday as traders hailed earnings from Best Buy and Toll Brothers, and upbeat data on new home sales.
Eight regional Fed banks ask for 25 point hike in discount rate
The minutes of the US central bank's discount rate meeting on 25 July revealed that eight out of 12 regional Fed banks asked for a 25 basis point increase in the discount rate at that meeting, up from six on 13 June.
Bonds: BoE pays premium at latest reverse auction
These were the movements in some of the most widely-followed 10-year sovereign bond yields:.
Amiad Water Systems' irrigation business the main source of revenues
Water treatment and filter provider Amiad Water Systems said that its irrigation business was the main contributor to revenues in the first half of the year, but the company was affected by the plummeting price of oil.
Commodities: Citi, Goldman sound cautious note on oil futures
Crude oil futures buoyed the commodities space as reports that Iran was warming to the idea of an oil output freeze by several of the world's major producers led to an intra-day reversal in prices.
FX round-up: Sterling, dollar soar against cliff-diving rand
Sterling turned in modest gains on most key crosses this afternoon, but like the US dollar was well ahead versus the cliff-diving South African rand as markets jitters centred on the tenure of the emerging market's finance minister.
Journey Group agrees to be taken private by Jaguar Holdings
Journey Group, a provider of in-flight products and catering services to airliners, agreed to be taken private by Jaguar Holdings.
Directors dealings: Tullow boss cashes in
Tullow Oil boss Aidan Heavey pocketed £759,031. 88 from the excercise of options granted to him under the oil explorer's 2005 deferred share bonus plan in 2005, together with sales via JSN Investments Limited.
Oil futures spike on reports Iran warming to idea of output freeze
Reports that Iran might now be more willing to join international efforts to prop up the price of crude oil sent crude futures into reverse, resulting in a spike in prices in afternoon trading.
Urals Energy to buy ANK
AIM-listed exploration and production company Urals Energy has agreed to purchase Arctic Oil Company (ANK) from AMNGR, which is a subsidiary of Russian state-owned oil company JSC Zarubezhneft.
Cape has mixed first six months due to weak UK business
Cape, an international provider of industrial services to the energy and natural resources sector, reported mixed results for the first half of the year due to weaknesses in the UK business, but maintained that full-year expectations were unchanged.
EU leaders meet to reaffirm European ideal after Brexit result
The three leaders of the EU’s largest countries by population maintained that the Britain's decision to leave the trading block did not mean the end of Europe.
Euro area consumer confidence weakens unexpectedly in August
Consumer confidence in the euro area cooled unexpectedly in August, according to the preliminary results of a survey.
US new home sales beat forecasts by wide margin in July
New home sales Stateside rose sharply in July, far surpassing economists' forecasts, buoyed by activity in the Northeast.
US open: Stocks edge higher; Best Buy surges on Q2 results
US stocks rose on Tuesday despite continued weakness in oil markets, as investors cheered earnings from Best Buy and Toll Brothers, as well as a strong reading on new home sales.
SABMiller's shareholders can be split in two classes, judge rules
Brewery and beverage giant SABMiller’s shareholders can be treated as two classes when they vote on the £79bn takeover by rival Anheuser Busch InBev, a judge ruled on Tuesday.
City of London Group director Jason Granite resigns
AIM-listed financial services company City of London Group said on Tuesday that director Jason Granite has resigned.
Markit's flash US manufacturing PMI drops more than expected
Activity in the US manufacturing sector deteriorated more than expected in August, according to data released on Tuesday.
FTSE 100 movers: Housebuilders lead equities higher
The FTSE 100 rose 0. 66% to 6,873. 69 points in afternoon trade on Tuesday, with housebuilders topping the London index.
Photo-Me nabs Asda's photo business for up to £6m
Instant-service equipment group Photo-Me International has agreed to buy Asda’s photo division for a maximum consideration of £6m.