Commodities
UK bans electronic devices on flights from Turkey, Egypt, Saudi and others
The British government has banned the use of electronic devices larger than smartphones on flights from Turkey, Lebanon, Jordan, Egypt, Tunisia and Saudi Arabia to the UK, following the lead set by the US.
FX round-up: Sterling opens throttle to drive higher as UK inflation accelerates, dollar steers lower
Sterling opened the throttle Tuesday to drive higher against a raft of currencies and recoup some of its Brexit-induced weakness, this surge lamentably on the back of a shock acceleration in UK inflation that will hit consumers in the wallet.
London close: Surge in UK inflation sees sterling, FTSE lower with miners suffering
Stocks in London closed Tuesday convincingly lower as UK consumer inflation punched above 2% and market forecasts to send sterling lower amid dollar weakness, which served to undermine the Footsie and miners in particular.
Record number of fund managers says US equities overalued, BofA-Merrill finds
A record number of fund managers now believed US equities were overvalued, despite lofty expectations for faster economic growth worldwide, the results of a widely-followed survey found.
Britons keen to maintain free trade but limit freedom of movement after Brexit
New research suggests the electorate’s view on Britain’s exit from the European Union has changed little since the vote nine months ago - they want to have their cake and eat it.
Sector movers: Miners hit as US dollar drops back to end-January lows
Steel-makers and miners bore the brunt of selling as the US dollar continued to weaken and Freeport resumed copper concentrate production at its Indonesia Grasberg mine.
Commodities: Crude falls ahead of API stockpiles data; more downside forecast
Crude-oil futures are down heavily Tuesday as markets look to an expected rise in American Petroleum Institute's weekly stockpile figures out later tonight, with traders taking a view that the black liquid's price may yet fall further.
Saudi Arabia holds key to extension of oil output cut deal, Russia says
Russia's envoy to the Organisation for Petroleum Exporting Countries said a deal to curb oil output might be extended past June.
US current account deficit shrinks in the fourth quarter of 2016
America's current account shortfall shrank at the end of 2016 on an increase in receipts from investments made abroad.
FBI director Comey confirms investigation into Trump ties with Russia
Head of the Federal Bureau of Investigation James Comey confirmed that an probe into possible links between President Donald Trump’s election campaign and the Kremlin is ongoing.
S&P could end 2017 as high as 2,750 or fall to 2,170, Barclays says
Analysts at Barclays set a 2,525 point year-end fair value target for the S&P 500 in anticipation of the US administration's spending plans, which they said would act as the "key" fulcrum in determining the benchmark's value.
Faroe Petroleum bumps up full-year 2017 production guidance
Norway and UK-focused Faroe Petroleum reported a large rise in full-year 2016 production amid a ramp-up in exploration, while bumping its guidance for 2017.
Enquest says Kraken running on schedule and under budget
Enquest said the development of the Kraken field was continuing to run on schedule and under budget, while reiterating previous guidance for full-year 2017 production of between 45,000 and 51,000 barrels per day.
Shell commits to drilling new wells to maintain Australian gas supplies
Royal Dutch Shell announced it would drill over a hundred new wells in Australia over the next two years in response to warnings of looming supply shortages as well as blackouts and brownouts in the east of the country in the past year.
Snap poll shows Macron wins first French presidential TV debate
A televised debate between France's main presidential candidates turned into a sparring match between centrist candidate Emmanuel macron and his far-tight rival, Marine Le Pen.