US stocks finished green across the board on Tuesday, despite worries about trade relations with China intensifying after it emerged that Beijing was set to ask the World Trade Organization permission to impose sanctions on the US.
London stocks finished the Tuesday session slightly lower as UK jobs and wage data was overshadowed by news that China is set to ask the World Trade Organisation for permission to slap sanctions on the US.
Commodities were little changed come Tuesday evening, but underneath the surface there were some large price moves going on.
A jump in crude oil futures helped the main share indices on the Continent shake-off news that China is seeking to impose sanctions on the US after Washington ignored a ruling from the World Trade Organisation and 'market chatter' around what some observers say is a still poor outlook for emerging markets.
Sterling finished the session little changed but saw a sizeable amount of volatility as traders were forced to digest yet more sound bites on Brexit from the other side of the Channel, even as they monitored the headlines regarding the situation on global trade and emerging markets.
Barring surprises on the global trade front or Brexit, the spotlight on Wednesday is likely to be on the release of the US central bank's so-called 'Beige Book', late in the US session and after the close of markets in London.
Vectura kept guidance for the full year unchanged as the inhaled medicines specialist reported robust revenue and said it has identified pipeline projects with potential annual sales of over $250m.
Analysts at Berenberg upgraded pubco JD Wetherspoon to 'buy' from 'hold' on Tuesday, labelling the landlord as a clear "category killer" in the value pub market thanks to its relentless drive towards price leadership and customer satisfaction.
Premier Oil rallied on Tuesday as Investec upped the stock to 'buy' from 'hold' and lifted the price target to 150p from 135p noting that the company has finally started to deleverage.
Pubs and licensed premises closures doubled over the last three months, leading to concern that the traditional ‘local’ pub may soon become a thing of the past.
UK hiring confidence has hit its lowest levels since 2012 but is positive in England with confidence rising to its highest in 18 months, according to a new study by ManpowerGroup.
US stocks were in the green at the open on Tuesday despite worries about trade relations with China intensifying after it emerged that Beijing was set to ask the World Trade Organization permission to impose sanctions on the US.
TP Group's losses narrowed across the first half of its trading year as the specialist services and engineering firm began to deliver on its growth strategy.
Obtala chairman Miles Pelham purchased 1. 6m ordinary shares in the AIM-listed timber trading firm on Tuesday.
UK police forces are in financial straits and need the Home Office to provide a clearer national picture of what services it requires, a study from the National Audit Office has found.
Russian President Vladimir Putin has hailed his nation’s close relationship with China as he meets with President Xi Jinping for trade talks while their nations engage in a huge joint military exercise.
London's FTSE 250 was down 0. 48% at 20,162. 47 in afternoon trade on Tuesday.
Tobacco companies were both down around 3%, extending recent falls amid concerns around emerging markets.
Biotechnology firm Silence Therapeutics shares fell on Tuesday after reporting a first half loss after tax of £8. 7m, up 57%, due to costs associated with bringing its two lead programmes towards the clinic.
JD Wetherspoons: Berenberg upgrades to buy with a target price of 1,450p.