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US close: Stocks finished mixed after Powell urges patience on rate cuts
US stocks finished mixed on Tuesday after bond yields climbed on the back of comments from Federal Reserve chair Jerome Powell, who said the central bank needed more confidence that inflation was on a downward trend before cutting interest rates.
London close: FTSE 100 sinks to four-week low as risk-off trade takes hold
London's top-tier stock market closed at its lowest levels in four weeks on Tuesday as risk-off trading took over in light of escalating tensions in the Middle East and concerns that monetary loosening in the UK and US may not happen as quickly as hoped.
Europe close: Markets fall as geopolitical tensions rise
European markets were still in the red at the end of the day on Tuesday, tracking a global sell-off as investors mulled Israel's potential reaction to an Iranian missile attack over the weekend.
Broker tips: Everyman Media, Yellow Cake, Kainos
Everyman Media is "well positioned for future success", according to Canaccord Genuity, which reiterated a 'buy' rating on the company following its 2023 results on Tuesday.
Tatton Asset Management reports record full-year net inflows
Tatton Asset Management reported record net inflows for the financial year just ended in an update on Tuesday, of £2. 3bn, equivalent to 18. 1% of its opening assets under management.
Berenberg lowers target price on Kainos
Analysts at Berenberg lowered their target price on software company Kainos from 1,315. 0p to 1,260. 0p on Tuesday following the group's full-year trading update on 15 April.
US open: Stocks mixed as Treasury yields rise
Wall Street stocks were mixed early on Tuesday after the benchmark 10-year Treasury note hit a fresh high.
Morgan Stanley shares rise as Q1 profits top forecasts
Shares in American banking giant Morgan Stanley rose strongly on Tuesday after the company beat forecasts with a 13% increase in first-quarter profits.
Incoming MPC member says rate cuts are "the direction of travel"
Interest rate cuts by central banks across Europe is "the direction of travel", according to the incoming deputy governor of monetary policy at the Bank of England, though the timing for monetary easing is still uncertain.
Easyjet suspends flights to Israel until October
Budget carrier easyJet on Tuesday said it had suspended flights to Tel Aviv until October 27 after Iran's missile and drone attack against Israel on Saturday night.
US housing starts fall by more than expected in March
Builders broke ground on fewer new homes last month than anticipated.
FTSE 100 movers: Utilities in favour; Miners lose their shine
FTSE 100 (UKX) 7,842. 30 -1. 55%.
Bank of America upbeat despite profits slide
Bank of America said it had seen a “strong” first quarter on Tuesday, despite posting a sharp fall in profits.
Berenberg stays at 'buy' on Yellow Cake on tight supplies and supply risk
Analysts at Berenberg stood by their 'buy' recommendation for shares of Yellow Cake, the uranium oxide concentrate holding company, following a fireside chat with its boss, Andre Liebenberg.
Ericsson sees sales stabilising, shares spark
Shares in Ericsson rallied on Tuesday, after the Swedish telecoms group posted above-forecast quarterly numbers and said it expected sales to stabilise in the second half.
Europe midday: Shares stay in the red; Dr Martens stumbles
European shares were sharply lower on Tuesday after hefty losses on Wall Street as investors waited for Israel's response to a missile attack by Iran on Saturday.
US pre-open: Futures mixed as 10-year Treasury note reaches fresh high
Wall Street futures were mixed ahead of the bell on Tuesday as the 10-year Treasury note hit a fresh high.
London midday: Risk appetite hammered by mixed data, Middle East fears
UK equities were a sea of red on Tuesday with just six stocks on the FTSE 100 in positive territory, as a barrage of mixed economic data and rising concerns about conflict in the Middle East hammering market sentiment.
Sosandar FY revenues grow, expects 'marginal loss'
British fashion brand Sosandar detailed year-on-year revenue growth on Tuesday but said it still expects to report a "marginal loss" for the year.