Market Pulse
US close: Stocks end slightly higher after ISM services data
US stocks ended slightly higher on Tuesday as M&A news helped to boost the energy sector, while weak services data prompted investors to scale back rate hike expectations.
Commodities: Platinum, silver futures jump on weaker US dollar
Precious metals stole the show as a much weaker-than-expected reading on the US services sector left traders in the US dollar licking their wounds.
FX round-up: US dollar sent reeling on all major crosses
Data revealing weakness in the US services sector sent the US dollar sharply lower on all its major crosses.
Europe close: Stocks slump amid weak US data, oil price drop, ECB doubts
European stocks wavered amid unexpectedly weak economic data out of the States that sent the single currency higher and weakness in energy prices.
Haike moves to correct major accounting error
A major accounting error forced Haike Chemical Group to correct its anticipated interim results on Tuesday, to the tune of hundreds of millions of yuan renminbi.
What to expect from Wednesday's iPhone 7 release
Poor Apple has been through the wars during the last week after the EU ruled it had to pay €13bn in backtaxes to Ireland, but every cloud has a silver lining. Hoping to take advantage of Samsung's exploding battery troubles, the US tech giant will reveal its long awaited iPhone 7 at an event in San Francisco on Wednesday.
Stadium's technology division continues to grow
Stadium Group, a supplier of wireless solutions, power supplies and electronic assemblies, reported a 14% sales increase at its technology division which represents 57% of total revenue in the first half.
US ISM services index drops more than expected in August
Growth in the US economy’s services sector hit a six-year low, according to figures from the Institute for Supply Management (ISM).
Rare Earth Minerals reports positive results from Czech lithium mine
AIM-listed miner Rare Earth Minerals’ company European Metal Holdings reported “positive” results from its Czech lithium mine, achieving a high grade interval at the first intercept.
Iran will be ready to negotiate on oil production towards year-end
Iran will be ready to negotiate its level of production as soon as production recovers to its pre-sanction volumes, Seyed Mohsen Ghamsari, director for international affairs at the National Iranian Oil Company, said, according to Reuters.
CNN poll shows Trump marginally ahead of rival Clinton
Donald Trump and Hillary Clinton appear to be neck-and-neck in the race to become the next president of the United States, as a CNN/ORC poll shows 45% of likely voters backing the Republican candidate against 43% for his Deomcrat rival.
US open: Stocks mixed as traders return from holiday
US stocks were mixed on Tuesday as traders returned from a three-day weekend and assessed services data that fell short of estimates.
Craneware reports on year of growth
Provider of ‘value cycle’ solutions to the US healthcare market, Craneware, announced its results for the year ended 30 June on Tuesday, with the total contract value in the year reaching record levels of $82. 3m, up from $72. 9m a year earlier.
Richland Resources achieves second quarter production goal
Gemstones producer and developer Richland Resources announced its interim results for the half year ended 30 June on Tuesday.
Tuesday newspaper share tips: Lloyds, Aldermore, Hunting
Lloyd's Banking Group will continue to struggle as downgrades from two brokers showed, sending its shares promptly lower, according to The Telegraph's Questor column.
Results round-up
Redrow surged on Tuesday as the FTSE 250 housebuilder reported a jump in pre-tax profit for the full year as revenue grew and the company lifted its dividend.
FTSE 250 movers: Redrow stock booms while Sophos Group slumps
The FTSE 250 was trading just in the green on Tuesday afternoon, as investors awaited the Bank of England’s inflation report hearing.
EVR Holdings' subsidiary MelodyVR partners with Telefónica in Germany
Virtual reality content creator EVR Holdings’ subsidiary MelodyVR penned a strategic partnership with Telefónica Germany to showcase its application.
FTSE 100 movers: StanChart slumps on Barclays downgrade; Berkeley builds gains
London’s FTSE 100 index was down 0. 4% to 6,852. 27 in afternoon trade.
Allergan buys assets of gene therapy company RetroSense for $60m
Pharmaceutical group Allergan has acquired almost all the assets of privately-held biotechnology company RetroSense for $60m upfront.