The International Monetary Fund trimmed its forecasts for economic growth in the US cautioning about rising levels of public debt, even as it pointed out that the country was in its third-longest expansion since 1850.
Three journalists have resigned from US media network CNN after the organisation retracted a news story related to potential links between Donald Trump’s campaign team and Russia.
Sterling enjoyed a minor rise on Tuesday on the back of Bank of England requiring lenders to beef up their cash buffer in case of bad debts.
A stronger sterling weighed on the FTSE on Tuesday, as it emerged the Bank of England will force banks to further bolster their capital buffers to deal with bad debts .
A massive cyber attack has targeted much of Ukraine’s state infrastructure as IT systems in the country’s national bank and its largest airport shut down.
London's FTSE 100 was up 0. 7% to 7,472. 51 in afternoon trade as it emerged that Prime Minister Theresa May has agreed a confidence and supply deal with Northern Ireland's controversial Democratic Unionist Party that will allow her to cling to power.
Total durable goods orders in the States shrank by more-than-expected last month, amid sharp falls in those for civilian and defence aircraft and weakness in core orders, with analysts linking the latter to the retreat in oil prices.
The US central bank needs to continue tightening policy gradually in order to prolong the economic expansion for as long as possible, a top rate-setter said.