Very 'dovish' remarks from European Central Bank chief Mario Draghi pushed energy futures higher, but a stronger Greenback dulled traders' appetite for base metals, according to traders.
Sterling was slightly higher on Tuesday, as voting got under way in the second round of voting to choose the next Tory leader and European Central Bank chief Mario Draghi said rate-setters in the Eurozone were not resigned to simply accepting low inflation.
Stocks across the Continent bounded higher after European Central Bank chief Mario Draghi said policymakers in the Eurozone were not resigned to simply accepting low inflation and the leaders of the US and China said they would meet at the G-20 leaders summit at the end of the month in Fukuoka, Japan.
The focus on Wednesday will be squarely on the US central bank with investors looking for validation of their expectations for up to three interest rate cuts over the remainder of 2019.
The Financial Conduct Authority has opened an investigation into the events leading up to the suspension of one-time star stock-picker Neil Woodford's flagship equity income fund.
London stocks extended their recent gains on Tuesday, tracking broader gains in Europe after European Central Bank President Mario Draghi signalled that monetary policy could be eased if inflation does not pick up and after the presidents of China and the US said that they would meet at the G-20 leaders' summit in Fukuoka, Japan.
The US government is sending an extra 1,000 troops to the Middle East in response to rising tensions with Iran and its “hostile behaviour”.
RBS named Marieke Flament to head its business-focused digital bank which was set to launch as an app in August, the lender said.
TechFinancials' shares plummeted on Tuesday after the company swung to an annual loss as revenue from its trading platform dropped by 70%.
Oakley Capital Investments revealed on Tuesday that co-founder Peter Dubens had acquired 5. 33m ordinary shares in the AIM-listed financial services outfit.
Shares in Capital & Counties rallied on Tuesday as it emerged that Canary Wharf Group is in talks with the company about buying a large part of its 77-acre housing development site at Earl's Court.
London's FTSE 250 edged up by 0. 49% to 19,250. 56 in afternoon trading on Tuesday, with Kier leading the index higher.
Credit Suisse downgraded its stance on credit-checking firm Experian to 'neutral from 'outperform' on Tuesday and removed the stock from its focus list, as it said the current price is reflecting the growth potential of the business.
Cyclicals jumped higher after the US President said he had a "very good" telephone conversation with his Chinese counterpart Xi Jinping and that they would indeed meet during the -20 leaders' summit in Fukuoka, Japan, on 28-29 June.
Barrick Gold has been given more time to either announce a firm offer for Acacia Mining or walk away.
The euro area's surplus in trade with the rest of the world narrowed sharply in April on the back of a large drop in the single currency bloc's exports.
Networking and security solutions provider Ethernity Networks announced on Tuesday that its ‘ACE-NIC100 FPGA SmartNIC’ product has been selected for implementation within the ‘FitBNG’ - the latest broadband network gateway (BNG) product being produced by China-based networking and telecommunications equipment provider FiberHome Telecommunication Technologies.
US housing starts fell in May but came in better than expected due to an upward revision to the previous month's figure, according to data released by the Commerce Department on Tuesday.
The US president and his Chinese counterpart will meet during the G-20 leaders' summit in Fukuoka, Japan, according to a post on the former's account on social media platform Twitter.
London's FTSE 100 was up 1. 5% at 7,465. 62 in afternoon trade on Tuesday, extending earlier gains as sentiment got a boost after ECB President Mario Draghi signalled that monetary policy could be eased if inflation does not pick up.