Market Report
US close: Stocks end up on earnings, Nasdaq breaches 6,000 for first time
US stocks ended in the black on Tuesday thanks to some well-received corporate news and as investors awaited a big tax reform announcement from President Donald Trump, with the tech-heavy Nasdaq breaching the 6,000 level for the first time.
Bonds: Euro area yields bounce back on ECB speculation
These were the movements in some of the most widely-followed 10-year sovereign bond yields: US: 2. 31% (+4bp)UK:1. 09% (+3bp)Germany: 0. 38% (+5bp)Spain: 1. 68% (+7bp)France: 0. 90% (+7bp)Italy: 2. 27% (+9bp)Portugal: 3. 61% (+5bp)Greece: 6. 44% (-1bp)Japan: 0. 03% (+0bp).
FX round-up: Sterling holds up well as attentions turn from Macron to ECB, US tax reforms
Sterling held up relatively well on Tuesday -- up on the dollar but down on the euro -- as the market looks to the European Central Bank's rate decision later in the week, US tax reforms tomorrow and a stack of other economic data due on both sides of the Atlantic.
Europe close: Stocks consolidate gains even as single currency jumps
European stocks made slight gains as markets consolidated the previous session's sharp rise on the heel of the results of the French presidential election, with the euro continuing to advance of the European Central Bank's next policy meeting.
US open: Nasdaq hits 6,000 mark for the first time ever
The Nasdaq hit the 6,000 mark for the first time on Tuesday on the back of recent better-than expected corporate earnings and the so called ‘Trump rally’.
Sector movers: Engineers pace gains
Engineers registered the biggest gains on Tuesday on the back of supportive comments from analysts at two top brokers.
Wednesday preview: Trump's tax reveal follows GSK, StanChart starter
Wednesday will see a fairly busy day for corporate quarterly results, including GlaxoSmithKline and Standard Chartered, plus is the day when Donald Trump announced he will unveil his 'big tax reform'.
Investors hungry for McDonald's shares after first quarter earnings beat
Fast food giant McDonald's rose almost 5% on Wall Street after its first quarter earnings beat analysts' estimates on Tuesday.
London close: FTSE consolidates Macron gains as gaze turns to US tax reforms
Stocks in London spent Tuesday consolidating their gains after Monday's sprint higher on the outcome of the first round of voting in France's presidential election, with traders now turning their attentions to potential US tax reforms.
Modern Water strengthens China sales operation
Water and wastewater treatment technology and water quality monitoring systems provider Modern Water announced on Tuesday that, in keeping with its stated strategy to focus on increasing global sales of its environmental monitoring products - especially in China - its monitoring division appointed Mark Gogol as its vice-president of global sales and Jincan Wang as sales manager in China.
Lockheed Martin reports increased F35 revenue, cuts earnings outlook
Defence contractor Lockheed Martin reported its first-quarter earnings on Tuesday ahead of the bell on Wall Street, seeing increased revenue in its aeronautical business, which includes the F35 program much maligned by President Donald Trump.
Clinigen and Onxeo launch managed access programme for belinostat
Clinigen Group’s Idis Managed Access division and Onxeo agreed to launch a managed access programme for belinostat - branded Beleodaq - in Europe on Tuesday.
US consumer confidence slips in April
US consumer confidence slipped in April as the outlook for business conditions and employment deteriorated, according to one of the most widely-followed gauges of sentiment.
Deutsche Bank trims HSBC target price ahead of Q1 figures
Analysts at Deutsche Bank revised their target price for shares of HSBC modestly lower ahead the lender's first quarter figures, due out on 4 May.
Commodities: Crude futures tend lower ahead of much-watched API data
Crude-oil futures were tending lower ahead of industry stores data from American Petroleum Institute later on Tuesday.
Government makes finance bill U-turn on dividend allowance, corporate loss relief
The government has dropped several measures proposed by Chancellor Philip Hammond in his spring budget, including the tax-free dividend allowance and the Making Tax Digital plan.
US new home sales rise at fastest pace since 2007 in March
US home sales increased last month at their fastest clip since 2007.
Europa upbeat ahead of Crean 3D survey
UK and Ireland-focussed oil and gas exploration, development and production company Europa Oil & Gas noted on Tuesday a press release issued by TGS on 24 April, regarding its new multi-client acquisition project, Crean 3D on the Irish Atlantic Margin:.
Treasury committee chairman Andrew Tyrie steps down
Influential Conservative MP Andrew Tyrie announced on Tuesday that he will not to stand at June's general election.
Northbridge shuffles up board and management team
Industrial services and rental company Northbridge Industrial Services announced a number of board and operational management changes on Tuesday, including the appointment of Nitin Kaul as a non-Executive director with effect from 1 May.