London South East

1 week ago | lse.co.uk | Iain Gilbert

(Sharecast News) - Major indices headed south on Tuesday as traders digested a fresh batch of Q1 earnings from more of the nation's biggest names in banking. At the close, the Dow Jones Industrial Average was down 0.38% at 40,368.96, while the S&P 500 lost 0.17% to 5,396.63 and the Nasdaq Composite saw out the session 0.05% softer at 16,823.17.

1 week ago | lse.co.uk | Iain Gilbert

(Sharecast News) - Major indices traded higher early on Tuesday as traders digested a fresh batch of Q1 earnings from a number of the nation's biggest companies. As of 1500 BST, the Dow Jones Industrial Average was up 0.49% at 40,723.19, while the S&P 500 advanced 0.66% to 5,441.77 and the Nasdaq Composite came out the gate 0.72% firmer at 16,953.31.

1 week ago | lse.co.uk | Josh White

(Sharecast News) - Oil prices edged lower on Tuesday after the International Energy Agency (IEA) significantly reduced its forecast for global oil demand growth, citing mounting economic headwinds and escalating trade tensions. The move followed a similar downgrade by OPEC, amplifying concerns over a weakening outlook for energy consumption. The IEA said it now expected global oil demand to rise by just 730,000 barrels per day in 2025, down 300,000 daily barrels from its previous forecast.

1 week ago | lse.co.uk | Iain Gilbert

(Sharecast News) - US banking giant Bank of America said on Tuesday that profits had risen in Q1 as market volatility due to uncertainty surrounding Donald Trump's tariff programme has given trading fees a boost. Bank of America said trading revenues were 9% higher in Q1, with equities trading jumping 17% during the period. Net interest income grew 3% to $14.4bn. Earnings came to $7.4bn in the three months ended 31 March, up from $6.7bn in the same period a year earlier.

1 week ago | lse.co.uk | Josh White

(Sharecast News) - Industrial production in the euro area rose by 1.1% in February compared with the prior month, according to fresh data from Eurostat on Tuesday. The broader European Union also recorded a 1% monthly gain, marking an acceleration from January's more modest increases of 0.6% and 0.1%, respectively. On a year-on-year basis, industrial output was up 1.2% in the euro area and 0.6% in the EU, with non-durable consumer goods providing a notable boost.