Market Report
Commodities: All OPEC+ members must join in oil output cut, Saudi says
Commodity futures were higher on Tuesday, helped by gains for natural gas, precious metals and select agricultural contracts, but oil gave up earlier gains.
Bonds: US interest rate curve flattens as 'big short' position capitulates
These were the movements in some of the most widely-followed 10-year sovereign bond yields:.
Europe close: Stocks fall back on renewed trade jitters
Stocks on the Continent surrendered the bulk of the prior day's gains with some market commentary referencing lingering doubts around the specifics of the trade truce agreed by the US and China at the weekend and even concerns around the outlook for economic growth in the US.
Mervyn King blasts May's Brexit plan and BoE successor Carney
Former governor of the Bank of England Mervyn King on Tuesday launched an attack on the government, likening Theresa May’s Brexit deal to appeasement tactics used with Nazi Germany in the 1930s.
Fed's Williams continues to see gradual rate hikes ahead
The head of the Federal Reserve bank of New York argued in favour of continued gradual interest rate hikes in the US in order to sustain the economic expansion.
Palladium price hits record high and gets within $10 of gold
Palladium prices are hitting record highs and could reach parity with gold, in a market considered to be in an annual supply/demand deficit, according to analysts.
Director dealings: Leeds Group director ups stake
Leeds Group non-executive director Per Johan Claesson purchased 3. 96m ordinary shares in the AIM-listed textile processing business from his brother Magnus on Tuesday.
French government suspends fuel-tax hike after yellow vest riots
The French Prime Minister Edouard Philippe announced on Tuesday that a proposed fuel tax hike would be suspended after fierce protests around the country against the government's economic reforms.
London close: UK stocks give up gains as confidence proves short-lived
London stocks gave up some the previous day's gains on Tuesday as sterling spiked higher after a senior European official said Britain would be allowed to unilaterally revoke Article 50, while doubts crept in about the trade truce agreed by the US and China.
Sector movers: Construction and defence subside
Construction, defence and most of the industrials and support services sectors were under fire on Tuesday, while the some in the drinks industry were given a Brexit boost.
Argo Blockchain sales exceed supply
British cryptocurrency miner Argo Blockchain has seen strong growth over the last two months as sales of its subscription packages continued to exceed both expectations and supply.
Broker tips: Kier, BT, Rightmove
FTSE 250 construction group Kier was under the cosh again on Tuesday as Canaccord Genuity cut its stance on the stock to 'hold' from 'buy' and slashed the price target to 525p from 1,200p to take into account the heavily-discounted rights issue announced last week and macro risks.
Credit Bank of Moscow sees further weakness ahead in the rouble
Russia's rouble may be headed lower in 2019, according to one of the country's top lenders, regardless of the nascent rebound in crude oil prices.
US open: Stocks turn lower as confusion surrounds trade war truce
Wall Street trading started off with some losses on Tuesday as looked into the fine print of Monday's trade war ceasefire with China and digested a flattening yield curve in government debt.
Start date for talks with China was 1 December, Trump says
The US President weighed in on Tuesday indicating that the roughly three-month long window for trade negotiations with Beijing had begun on 1 December while reiterating the broad outlines of the agreement struck with his opposite number in China, Xi Jinping.
FTSE 100 movers: Ferguson falls on update; precious metals miners shine
London's FTSE 100 was down 0. 3% to 7,043. 99 in afternoon trade on Tuesday as investors continued to grapple with the latest Brexit-related headlines.
FTSE 250 movers: Ted Baker feels the squeeze while IP Group jumps
London's FTSE 250 was down 0. 71% at 18,431. 89 in afternoon trade on Tuesday, as hugging controversy continued to dog Ted Baker and IG Group dropped amid new regulatory pressures.
Liberum sees value in motor retailers amid 'sweeping changes'
Analysts at Liberum initiated coverage on several London-listed motor retailers on Tuesday, noting the motor industry was facing "sweeping changes" and a margin crunch.
Versarien launches new graphene-enhanced 'Polygrene' range
Advanced materials engineering group Versarien announced the formal launch of its new graphene-enhanced polymer range, ‘Polygrene’, on Monday.
HSBC cuts Apple to 'hold', cites market saturation
HSBC downgraded its stance tech giant Apple to 'hold' from 'buy' on Tuesday, trimming the target price to $200 from $205 as it pointed to its dependence on the iPhone and the saturation of the smartphone market.