Market Report
Sector movers: Cyclicals pace gains on US stimulus hopes, vaccine news
Cyclicals paced the advance on Tuesday helped by news that Democrats in the US were willing to go it alone on approving further fiscal stimulus if needed through recourse to so-called 'budget reconciliation'.
UN chief makes case for increasing access to vaccines globally
The head of the United Nations warned that it was in the self-interest of countries in the Northern Hemisphere to help those in the South to access vaccines.
US close: Stocks close lower as earnings seasons kicks off
Wall Street stocks closed lower on Tuesday amid a busy day for corporate earnings.
Europe close: Stocks bounce back on hopes for US stimulus, J&J vaccine
European shares rebounded on Tuesday as investors shrugged off concerns over tighter coronavirus travel restrictions and the slower pace of vaccine rollouts across the Continent.
Wednesday preview: Federal Reserve, Apple in focus
Financial markets are likely to be in a holding pattern on Wednesday, as investors wait on the results of the Federal Reserve's policy meeting after the close of trading in London.
London close: Stocks firmer as IMF upgrades global forecasts
London stocks finished in the green on Tuesday, despite the release of uninspiring jobs and retail sales data, as investors focussed on the latest growth forecast from the International Monetary Fund.
No further relevant information to disclose regarding equity raise, says JD Sports
Responding to press speculation about a possible equity raising, JD Sports Fashion said on Tuesday that there was no further relevant information to disclose.
Regeneron Pharmaceuticals Covid-19 antibodies 100% effective in blocking infections
Regeneron Pharmaceuticals antibody cocktail severely curtails Covid-19 symptoms and infections, the results of a late-stage trial showed.
Broker tips: Senior, Trainline, Indivior
Analysts at Berenberg hiked their target price on aerospace and defence outfit Senior from 50. 0p to 85. 0p on Tuesday but noted that although the group was "on steadier footing", its recovery path still remained "unclear".
Johnson and Johnson expects Covid-19 trial results early next week
Johnson&Johnson expects the results of the eagerly awaited late-stage clinical trial results for its Covid-19 vaccine candidate early during the following.
Yu ends year 'significantly ahead' of market forecasts
Corporate sector gas, electricity and water provider Yu Group updated the market on 2020 on Tuesday, reporting that revenue was “significantly ahead” of market expectation at over £100m.
XLMedia performs well, works to recover casino assets
Global digital performance publisher XLMedia updated the market on its trading for 2020 on Tuesday, reporting that for the full year, it was expecting to deliver revenue of about $54. 5m (£39. 85m), up from $27. 7m year-on-year.
Getech announces two new strategic partnerships
Energy data and software company Getech announced the signing of two exclusive strategic partnerships on Tuesday.
Director dealings: D4t4 Solutions COO makes share sale
D4t4 Solutions revealed on Tuesday that chief operating officer Mark Boxall had sold 130,552 ordinary shares in the AIM-listed data company.
FTSE 250 movers: Indivior surges; Greencore loses ground
London’s FTSE 250 was up 0. 5% at 20,444. 12 in afternoon trade on Tuesday.
US consumer confidence edges past forecasts in January, Conference Board says
Consumer sentiment in the US was buoyed by gains in the stock market and federal stimulus checks at the start of 2020.
US open: Stocks record modest gains as corporate earnings begin to roll in
Wall Street stocks were higher at the opening bell on Tuesday amid a busy day for corporate earnings.
US house price growth outpaces economists' forecasts in November
The Federal Housing Finance Agency's national House Price Index notched up a month-on-month rise of 1. 0%, which pushed the year-on-year rate of increase to 11. 0% (consensus: 10. 4%).
IMF downgrades expectations for UK economic recovery in 2021
The International Monetary Fund updated its World Economic Outlook forecasts on Tuesday and said it now expects the UK's economic recovery to be weaker than previously forecast in 2021 as the country takes longer than others to return to pre-Covid-19 levels.
FTSE 100 movers: Compass boosted by upgrade; JD Sports out of fashion
London’s FTSE 100 was up 0. 5% at 6,670. 76 in afternoon trade on Tuesday.