1630: Close The FTSE closed up 14 points on Tuesday, despite mixed data and the uncertain future for Federal Reserve monetary policy. News out today included a slowdown of the rate at which UK town centre shops are closing, the MPC member David Miles declaring his confidence in the recovery, and UK mortgage approvals rising less than expected in August. On the company front, Carnival this afternoon lead the downside after its third quarter results showed a 3.8 per cent decrease in net revenue yields compared to the prior year, while FTSE newcomer Coca-Cola HBC regained some of its recent losses. The FTSE closed up 14.09 points at 6,571.46.
1550: Shares of Carnival Cruise Lines seem to be in the process of losing technical support towards the 2,300p area. If lost on a closing basis the stock could move lower, towards the 2,170p level.
1417: Carnival Cruise Lines has just reported third quarter earnings per share of 1.38 dollars (Consensus: 1.29 dollars). Barclays is now leading gainers out on the Footsie. In parallel, the Bank of England´s Tucker has hit the newswires, saying that forward guidance does not commit the MPC to keep policy loose beyond the point that would be prudent. FTSE 100 up 23 to 6,580.
1410: Speaking at the Bank of America Merrill Lynch Banking & Insurance Conference Bruce Van Saun, Royal Bank of Scotland Group´s Finance Director, has reportedly said that the lender is targeting income of between 3.0bn and 3.25bn pounds.
1400: The latest US house price data has come in mixed this morning. Prices of homes increased by 1.0 per cent in July (Consensus: 0.8 per cent) according to the latest data out from the FHFA. By Standard&Poor´s (S&P)-Case Shiller tally they were up by 12.69 per cent in that same month, versus a gain of 12.07 per cent in the month before. FTSE 100 up 24 to 6,582.
1337: Shares of US semiconductor equipment manufacturer Applied Materials are on the rise after agreeing to buy Japanese rival Tokyo Electron for about 9.39bn dollars in stock. FTSE 100 up 18 to 6,575.
1223: The FTSE 100 has pushed into positive territory but upside is limited following the release of mixed economic data from Germany. Stock futures in the States are pointing to similarly subdued start on Wall Street as markets await US home prices and consumer confidence figures later on. Providing a lift in London are FTSE 100 newcomers Sports Direct and Coca-Cola HBC which are rebounding after their recent weakness since entering the top-tier index. The FTSE 100 is up 13.57 point at 6,570.94.
0945: The Spanish Treasury has auctioned 3.58bn euros in bills this morning, slightly ahead of the 2.5bn to 3.5bn expected by market participants. FTSE 100 up 5 to 6,562.
0930: Loans for home purchases reached 38,228 in August, versus 37,428 in the month before (Consensus: 38,950), the latest data from the BBA shows.
0928: Also worth keeping an eye out for, Ben Broadbent, an external member of the Monetary Policy Committee (MPC), last night claimed - on the basis of a statistical analysis - that interest rates have been set in response to changes in growth rather than the official inflation mandate, The Daily Telegraph reports.
0900: The IFO institute´s business confidence index for the month of September has come in at 107.7, versus 107.5 for the month before (Consensus: 108.0). Worth keeping tabs on, the amount of funds kept at the ECB through its overnight lending facility continues to move lower, and now stands at 49.5bn euros.
0845: UK stocks started Tuesday trading slightly higher, with Rolls Royce and Tullow Oil in the lead. Miners are doing worst on the top flight index at the moment. British Bankers' Association deposit and lending data are released at 9:30. MPC member David Miles is due to give a speech in Newcastle at 11:00 on the subject of forward rate guidance, and BoE Deputy Governor Paul Tucker will speak in London at 13:30, Barclays Research reminds us. The day´s main data point will the the IFO Institute´s German business confidence survey results, which is due out at 09:00. Several ECB speakers are also lined up on today´s agenda. FTSE 100 up 8 to 6,566.