Market Pulse
FX round-up: Sterling widely lower after softer-than-expected UK CPI inflation
Softer-than-expected UK inflation data for January knocked sterling widely lower on Tuesday, while the dollar limped higher after US Federal Reserve chair Janet Yellen testified before the Senate banking committee.
US close: Yellen asseverations turn markets green
US stocks finished in the green on Tuesday as Federal Reserve chair Janet Yellen told Congress that interest rate hikes could rise gradually in 2017.
US open: Stocks fall after Yellen speech, while dollar strengthens
US stocks opened lower and the dollar rallied on Tuesday as Federal Reserve chair Janet Yellen told Congress that interest rate hikes could rise gradually in 2017.
Europe close: Stocks end on mixed note after Yellen
European stocks finished on a mixed note on Tuesday after data showed that the Eurozone economy grew less than expected in the final quarter of 2016 and US Federal Reserve chair Janet Yellen kept the door open to another interest rate hike, even at one of the central bank's next meetings.
Commodities: Gold little moved after Yellen testimony
The price of safe-haven gold was little moved after US Federal Reserve chair Janet Yellen testified for the Senate banking committee on Tuesday.
Nokia to relaunch indestructible 3310 mobile phone
Finnish technology company HMD Global has delighted technophobes around the globe by announcing the triumphant return of the Nokia 3310 mobile phone, billed as one of the earliest and most resilient modern day phones.
North Korean leader's brother dies in Malaysia amid murder reports
Kim Jong-un's estranged half brother has died after reportedly being poisoned by two agents in Kuala Lumpur international airport.
Results round-up: Rolls-Royce, TUI, Vedanta
Rolls-Royce Rolls-Royce posted a record £4. 6bn pre-tax loss but revealed a better than expected underlying profit and that efforts to cut costs as part of its transformation programme were at the top end of expectations.
Small cap news round-up
Electric Word Specialist information business Electric Word posted its audited results for the year to 30 November on Tuesday, with group profit for the year of £9. 2m- swinging from a £2. 3m loss - including a £10. 7m profit from discontinued operations.
OneView secures additional loan facility
In-store digital transformation software provider OneView announced on Tuesday that Hawk Investment Holdings had agreed to provide an additional loan facility of $0. 3m.
F1 probe likely after European Parliament votes in favour
An alleged conflict of interest over Bernie Ecclestone's recent sale of Formula One to Liberty Media is among several areas of concern that have been raised ahead of a potential European Commission competition investigation.
Fed's Yellen leaves door open to rate hikes at next meetings
The head of the US central bank kept the door open to further interest rate increases at one of its next meetings, contrary to the expectations of some market watchers.
SolGold gets lucky at Alpala
SolGold announced assay results from Hole 19 at the Alpala deposit, at the company's Cascabel copper-gold porphyry project in Ecuador on Tuesday.
Wednesday preview: UK wages in focus, US eyes on CPI
While Wednesday's main macroeconomic focus will be on unemployment data, there may be more market-moving events emanating from the other side of the Atlantic, including CPI, retail and industrial data.
Ariana confirms completion of tailings storage facility at Kiziltepe
Turkey-focussed exploration and development company Ariana Resources announced the completion of the interim Stage One Tailings Storage Facility at the Kiziltepe Mine on Tuesday.
US producer prices little changed in January despite dearer energy
Factory gate prices in the States were little changed at the beginning of 2017 in comparison with the same month one year ago despite a pick-up in energy costs.
Allergy Therapeutics gets trial go-ahead in Spain
Specialty pharmaceutical company Allergy Therapeutics announced on Tuesday that its Phase I clinical study investigating the safety and tolerability of Acarovac MPL received ‘Clinical Trial Application’ approval in Spain.
Comment: Yellen to take refuge in economic data as Trump storm approaches
By Ipek Ozkardeskaya, senior market analyst at London Capital Group.
Broker tips: Drax, Virgin Money and Mitchells & Butlers
Drax JPMorgan Cazenove has moved to an ‘overweight’ rating on Drax, which was previously not rated, and rated at ‘neutral’ before that.
Altitude Group 2016 results to be 'marginally' ahead of expectations
Altitude Group expects results for 2016 to be “marginally” ahead of expectations, subject to audit, after it cut costs by about £1. 8m by restructuring the technology company.