Market Pulse
US close: Stocks rebound on confidence upswing
US stocks gained ground on Tuesday as better data on services activity and outstanding consumer confidence numbers offset lower oil prices.
Commodities: Oil, precious metals drop
Saudi Arabia dashed hopes that producer countries would be able to reach an agreement to freeze output during their talks in Algiers.
StanChart facing scrutiny from DoJ over Indonesia, WSJ says
StanChart came under investigation from US authorities due to alleged misconduct on the part of management at the Indonesian power company controlled by the lender.
Trump criticises TV debate moderator Lester Holt
The moderator of Monday night's televised US presidential debate has been criticised by candidate Donald Trump of being harsher on him than his opponent Hillary Clinton.
CloudTag raises £0.68m through subscription and warrants
Wellbeing, fitness and digital health personal monitoring company CloudTag announced on Tuesday that, following an earlier announcement, it had fully subscribed its subscription, raising £550,000 through the issue of 3,548,388 new ordinary shares at a price of 15. 50p per share.
US open: Stocks rise after economic data beats forecasts
US stocks advanced on Tuesday after better-than-expected on services activity and consumer confidence.
NetScientific's portfolio companies making progress in H1
NetScientific, a healthcare company which commercialises intellectual property, reported a wider loss before tax in the first half the year while many of its core portfolio companies have made progress.
German carmakers form telecoms group to develop autonomous driving
Three major German car manufacturers are teaming up with a group network equipment firms in order to advance their development of self-driving cars.
LPA Group projected to exceed market expectations
LED manufacturer LPA Group’s shares soared over 13% on Tuesday afternoon after the company said it was likely to exceed market expectations for the year, while the Brexit vote from the EU referendum had not affected its outlook.
GCM Resources puts press speculation to bed
London-based resource exploration and development company GCM Resources updated the market on Tuesday, after its press speculation announcement on 23 September.
FTSE 250 movers: Mitie slumps on downgrade; Card Factory gains on interims
London’s FTSE 250 was down 0. 7% to 17,600. 21 in afternoon trade.
Turkish bond yields jump again
Longer-term Turkish bond yields continued to move sharply higher after the country's debt lost its investment grade status in the previous week, as economists cautioned the central bank might be willing to pursue even further interest rate cuts despite recent above-target readings on inflation.
FinnAust announces completion of 2016 work programme
Greenland and Finland-focused company FinnAust Mining announced on Tuesday that it has completed its 2016 work programme at the Pituffik Titanium Project in Greenland.
RBS hints at problems with Williams & Glyn sale
Royal Bank of Scotland has warned over the sale of its Williams & Glyn unit.
365 Agile becomes shell company
Back-office systems provider 365 Agile Group announced its unaudited results for the six months to 30 June on Tuesday, just over a year after the company completed the acquisition of 365 Agile Limited in a reverse takeover under the AIM Rules on 21 August 2015.
Results round-up
Currency tailwinds boosted Wolseley´s full-year revenues as the plumbers´ merchant announced the result of the strategic review for its UK operations.
Markit's flash US services PMI beats expectations in September
Markit’s flash US services purchasing managers’ index printed at 51. 9 in September from 51. 0 in August, beating expectations for a reading of 51. 1.
FTSE 100 movers: Carnival gains again but Wolseley slumps
London's FTSE 100 was down 0. 5% at 6,785. 87 in afternoon trade.
US house price growth slows slightly in July
Home price gains in the US slowed slightly in July.
Morgan Stanley ups Fresnillo to 'equalweight', says more fairly priced
Morgan Stanley upgraded its stance on silver miner Fresnillo to ‘equalweight’ from ‘underweight’ and lifted the price target to 1,620p from 1,520p, saying the risks are now more fairly priced.