Wall Street's main market gauges were moving sharply higher at the start of trading after the speaker of the House of Representatives, Nancy Pelosi, voiced "real optimism" that a deal on a coronavirus spending bill could be signed on Tuesday.
The battle of wills between Sports Direct owner Mike Ashley and the government over the coronavirus lockdown took a further twist on Tuesday as the millionaire said he had asked whether his Evans Cycles stores could be kept open.
Builders' merchant Grafton Group said on Tuesday that it will close all of its UK distribution branches and manufacturing plants for the next three weeks as it warned that the outbreak of the coronavirus will dent revenue and profit, withdrew guidance and suspended its dividend.
The British government was considering ways to extend its business bailout to include statutory self-employment pay, as pressure mounted to protect the five million workers currently excluded from the package.
Sales of newly-built homes ran at a faster-than-expected clip last month.
The Tokyo Olympics are to be postponed until 2021 at the latest due to the coronavirus, the International Olympic Committee and host nation Japan said on Tuesday.
There was sharp contraction in both the US manufacturing and services sectors in March as the coronavirus took its toll, according to flash data released on Tuesday.
Aggreko said it was entering talks to work out details of its contract to supply the 2020 Tokyo Olympics after the games were postponed because of the coronavirus crisis.
Top Senate leaders appeared to be getting closer to a deal on a spending package to see the US economy through the coronavirus pandemic, although it remained to be seen if Democracts in the lower house of Congress could be brought onside.
JD Wetherspoon employees have accused the company of refusing to pay its workers while pubs are closed until it receives money from the government to subsidise wages.
Pets at Home said on Tuesday that its pet stores will remain open during the Covid-19 outbreak.
Leather and luxury good manufacturer Pittards reported revenue of £22. 3m in its final results on Tuesday, down from £28. 5m year-on-year.
Aston Martin Lagonda said it would stop production at its UK factories for almost four weeks as the company warned the Covid-19 crisis was a threat to its financial performance.
Advanced wafer and semiconductor materials company IQE reported revenue of £140m for 2019 in a trading update on Tuesday, down from £156. 3m year-on-year but in line with its November guidance.
UK banks are well positioned to withstand the severe disruption brought about by the coronavirus pandemic, the Bank of England’s Financial Policy Committee said on Tuesday, as it pledged to take further action to underpin financial stability if needed.
Manufacturing output fell in early March, as the coronavirus outbreak started to take its toll on the sector, a widely-watched survey revealed on Tuesday.
Publicly-listed venture capital fund Augmentum Fintech updated the market on the current impact of the Covid-19 coronavirus pandemic on its business on Tuesday, outlining the measures it was taking to manage the fund in the current environment.
The already-tardy Elizabeth line project in London suffered a further delay on Tuesday, as Transport for London confirmed that all work on the Crossrail project would be stopped for the foreseeable future as a result of the Covid-19 coronavirus pandemic.
Casual dining operator Tasty confirmed on Tuesday that it would cease offering all takeaway and delivery services across all of its restaurants.
Inovio Pharmaceuticals said it would work with Ology Bioservices on a DNA vaccine for Covid-19 after Ology was awarded an $11. 9m contract from the US Department of Defense (DoD).