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US close: Stocks rally as investors revel in strong earnings, Netflix surges in after-hours trading
US stocks closed higher on Tuesday, with the Dow Jones picking up nearly 550 points on the back of solid earnings and some strong economic data.
Netflix shares leap following third-quarter earnings beat
Netflix shares surged as much as 12% in after-hours trading following the release of its third-quarter earnings on Tuesday.
Europe close: Stocks extend bounce
Stocks extended their bounce on Tuesday, helped by a rally in Italian government debt markets and stronger-than-expected quarterly results from several US corporate heavyweights, although analysts were still quite cautious.
US open: Wall Street trading kicks off with some early gains
Wall Street trading got off to a positive start on Tuesday following the losses seen during the previous session, as a raft of earnings releases rolled in.
Wednesday preview: EU summit, CPI in focus
With little doubt, all eyes on Wednesday will be on the European Union leaders' summit in Brussels.
Audi to pay €800m fine in diesel emissions scandal
Audi has agreed to pay an €800m fine, closing a probe into Volkswagen’s diesel emissions scandal that has already cost the company around €27bn.
Aldi and Lidl accelerate assault on big supermarkets, Kantar data shows
Aldi and Lidl accelerated their growth in recent weeks to eat into their larger supermarket rivals, with Morrisons and Asda offering the strongest resistance.
Clearstar enters collaboration for employee ID technology
Clearstar has entered an agreement to integrate its mobile staff vetting kit into Virtual Badge, the first patented smartphone ID badging system, the company confirmed on Tuesday.
London close: FTSE makes late rally as investors get FOMO
London stocks made a late rally on Tuesday as the pound flattened off and investors were gripped by a fear of missing out as Wall Street set a more upbeat tone.
Director dealings: Another Convatec director ups stake following profit warning
Convatec non-executive director Jesper Ovesen purchased 40,000 shares in the FTSE 250-listed medical products and technologies company on Tuesday.
Purecircle ups stevia production as sugar tax lift demand
Purecirle, the manufacturer of plant-based sweetener stevia, has increased production as health-conscious consumers and the UK’s sugar tax drive demand, the company said on Tuesday.
Broker tips: Ocado, Convatec
With Ocado shares down by a quarter over the past four months, Bank of America Merrill Lynch sees the online grocery specialist as "back in buying territory" and offering supermarkets a "unique" tool to combat Amazon.
FTSE 100 movers: Ocado rallies on double upgrade; Tesco takes a hit
London's FTSE 100 was up 0. 4% to 7,059. 31 in afternoon trade on Tuesday.
Mercia Technologies invests £0.5m into medical firm Locate Bio
High-growth technology investor Mercia Technologies announced a new direct investment of £0. 5m into Locate Bio on Tuesday.
Facebook to make political 'dark ads' transparent to users
Facebook will introduce a tool to reveal to users what British political groups are behind the “dark ads” on their site in order to inform them of what parties and pressure groups are paying to influence their vote.
Morgan Stanley's third-quarter numbers beat the Street
Investment banking giant Morgan Stanley turned in a quarterly report card that topped analysts' expectations for both earnings and revenues on Tuesday.
Kalahari feasibility study within budget, says Metal Tiger
Strategic natural resource investor Metal Tiger updated the market on its joint venture project with partner MOD Resources in the Kalahari Copper Belt in Botswana on Tuesday, reporting that the T3 mine feasibility study was progressing “well within budget”, and was due for completion in March.
FTSE 250 movers: Convatec recovers but Merlin loses its magic
London's mid cap index rose by 1. 22% to 19,032. 07 on Tuesday, with Convatec leading the charge.
US industrial production boosted by autos, 'base effects' in September
US industrial production continued growing at a steady clip last month on the back of increased mining and manufacturing output, with the latter boosted by higher output of autos which economists expected to fade.
US housebuilder sentiment unexpectedly improves in October
Sentiment among US housebuilders unexpectedly improved in October, according to data released on Tuesday.