MARKET REPORT
15 May
ep home depot
US close: Markets red as Treasury yields surge

Wall Street finished with all three main indices in the red on Tuesday, ending a lengthy streak of gains, as the yield on the 10-year Treasury note crept to 3. 08%, its highest level since 2011, amid ongoing worries about trade talks between the US and China.

15 May
broker710techo
Market buzz: Pound unimpressed by labour data, warning over Italian 'Varoufakis'

1635: Close Taylor Wimpey provided the biggest boost to the Footsie on Tuesday after unveiling plans to hike its dividend payout.

15 May
catcher floating oil production premier
Sector movers: Oil & Gas names outperform, all eyes on geopolitical tensions

Oil & Gas names performed best on Tuesday as traders continued pushing crude oil futures higher in the face of simmering geopolitical tensions.

15 May
anakara
FX round-up: Sterling dips, 'bloodbath' in Turkish lira

It was back to square one for Sterling on Tuesday - or nearly - as stronger-than-expected readings on US retail sales and on a key factor sector survey in the States boosted Treasury note yields.

15 May
Gold bars, coins, mining, metals
Commodities: Dollar strength and weak Chinese data weigh on gold, cocoa (not oil)

Commodities were broadly lower on Tuesday, but not by much, despite a sharp move higher in the value of the US dollar that took it to its best level in six months.

15 May
dollar-fed-taux-monnaie-crise-monetaire-fmi-billet-drapeau
Fed's Kaplan closely watching US Treasury yield curve

Be careful not to force an inversion in the Treasury yield curve, a top US central bank official said on Tuesday.

15 May
FTSE 250 movers: BTG and CYBG punished, investors get Coats

London's mid-cap index could not keep up the pace with its big sister on Tuesday, with the FTSE 250 losing a little ground as the FTSE 100 gained points.

15 May
Results round-up

Events organiser UBM, which is being taken over by Informa, said current trading was in line with expectations despite a “challenging” fashion sector.

15 May
ep rajoy recibela moncloapresidenteparlamento europeo 20180508205601
Europe close: Stocks edge higher as euro extends falls versus US dollar

A weaker euro helped most of the Continent's main equity gauges steer clear of losses, helped by big gains for Oil & Gas shares.

15 May
brokerironia2
London close: FTSE an oasis as global stocks slip on bond rally

London's FTSE 100 was an island of green on Tuesday, ticking higher as sterling failed to be listed by a solid round of UK jobs data, while stocks around the world were under pressure amid rising Treasury yields.

15 May
drugs pharmaceuticals biotech healthcare btg
BTG tumbles as 2019 guidance disappoints

Specialist healthcare company BTG issued final results that beat sales and earnings expectations, though financial guidance for the new trading year was slightly short of the market's current estimate.

15 May
ep airbusboeing
WTO determines EU unfairly subsidised Airbus, opens way for US tariffs

The World Trade Organization has ruled today that the European Union failed to honour multiple previous rulings and illegally subsidised European aircraft-maker Airbus to the tune of over $22bn to help launch its A380 and A350 jets.

15 May
westminster
Cabinet extends customs meetings as Brexiters refuse to back down

Downing Street's inner Brexit cabinet is set to meet again on Tuesday after Prime Minister Theresa May attacking Tory Brexiteer Jacob Rees-Mogg, who said he was among a group that would not back down from supporting a hard Brexit, outside the customs union with the Irish border open.

15 May
water cleaning plant
Water Intelligence acquires new South Florida franchise

Leak detection and remediation services group Water Intelligence picked up another American Leak Detection franchise operation on Tuesday, shooting to solidify its foothold in the South Florida area as it firms up its plans for international expansion.

15 May
facebook-ceo-mark-zuckerberg 2
Facebook 'fails to answer' parliamentary committee questions

Facebook failed to answer 39 questions concerning data privacy and fake news posed to the company by parliament's Digital, Culture, Media and Sport Committee, the group's chairman said on Tuesday.

15 May
london stock exchange paternoster
Director dealings: Franchise Brands director acquires 225,000 shares

David Poutney, a non-executive director of international multi-brand franchisor Franchise Brands, purchased 225,000 ordinary shares in the company on Tuesday at an average cost of 75. 50p each.

15 May
ep establecimientovodafone
UBS reiterates 'buy' rating on Vodafone

With the bulk of the group performing well, analysts at UBS reiterated their stance on shares of Vodafone on Tuesday, highlighting how the telecommunications giant's organic service revenues ended the fourth quarter ahead of analysts' estimates.

15 May
indivior, invidior, suboxone
Indivior downgraded to 'neutral' at Citi

Despite a strong run in its shares, Citi still saw potential upside from the delay of generic versions of Indivior's Suboxone beyond 2018, but still warned of "conservatively modelled generic competition".

15 May
ep black panther 20180226111212
Wednesday preview: Numbers from Burberry, Cineworld, Galliford Try, Playtech and SSP

Wednesday's UK corporate calendar is bulging with the likes of Burberry, Cineworld, Crest Nicholson, Galliford Try, Marston's, Mitchells & Butlers, Mondi, Playtech, Premier Oil, National Express and SSP Group.

15 May
Taylor Wimpey housing 285
FTSE 100 movers: Taylor Wimpey builds gains, Vodafone slumps on CEO exit

London's FTSE 100 was up 0. 3% to 7,733. 04 in afternoon trade on Tuesday, as investors continued to digest the latest round of UK jobs data.