1630: Close It was a strong finish to Tuesday's session, with traders keen to keep up with the gains seen amongst global equities during the bank holiday. There were further rises both in the UK and in the States this afternoon after US data came in better than expected. The initial gain was largely thanks due to comments made at the Jackson Hole symposium of central bankers last Friday, at which Fed Chair Janet Yellen gave what was seen by some as a somewhat hawkish speech. After coming off declines following an initial jump, the FTSE 100 ultimately ended 47.51 points higher at 6,822.76. Gains were strongest amongst the shares
of airliners and firms with an exposure to the US, such as CRH and Ashtead.
1556: Palestinian officials said on Tuesday a ceasefire agreement has been reached with Israel, Reuters reports.
1501: Bank of America-Merrill Lynch has upped its recommendation on shares of RSA to 'buy' from 'neutral'. The broker highlighted the insurer's cleaner balance sheet and improved management.
1500: The Conference Board's index of consumer sentiment rose to a reading of 92.4 in August from 90.3 in the month before (consensus: 89).
1433: Mining group Lonmin has issued a statement saying there is no foundation to recent media speculation about plans to restructure the business. Currently, "no decisions" about the size or shape of a restructuring have been made, the group said.
1423: The yield on Spanish 10-year bonds is now down by 6 basis points to 2.2%.
1400: The FHFA's house price index for the month of June rose by 0.4% month-on-month (consensus: 0.3%) following a revised increase of 0.2%. S&P Case Shiller's gauge of home prices in the country's 20 main urban areas advanced at a 8.1% year-on-year clip in June, after a rise of 0.37% in the month before (consensus: 8.3%).
1330: Orders for US durable goods rocketed 22.6% over the month in July (consensus:8%) - the largest increase on record. The spectacular rate of growth however seems to have been down to a 318% jump in orders for Boeing jets after the UK air show. Non-defense capital goods orders excluding aircraft slipped 0.5% month-on-month (consensus: 0.2%). Nevertheless, the previous month's figures were
all revised notably higher, so the underlying tone of the report seems healthier than might appear at first glance.
1112: Shares of Antofagasta are leading declines on the Footsie despite having reported operating earnings on an EBITDA basis of $1.128bn (consensus: $1.12bn). On a per share basis however the mining group saw weaker copper prices and higher costs weighing its profits down by 16.2% to 33.6 cents versus 2013 (consensus: 36 cents). FTSE 100 up 16 to 6,791.
0930: The number of loans for home purchase slipped in July to 42,792 from 43,180 in the month before (consensus: 44,065), according to the latest data from the BBA.
0845: Stocks have begun the session modestly higher, playing catch up with global equities following Monday's bank holiday. Bunzl and WPP are in the lead early on following their latest interims. Miners are at the bottom of the pile after Antofagasta's own set of half-year results. Much commented as well, from today onwards US group Pfizer is allowed to table a final 'private' takeover bid for Astrazeneca under UK Takeover panel rules. Eurozone periphery bond yields registered sharp drops on Monday and were again heading lower on Tuesday. FTSE 100 up 27 to 6,802.