US close: Stocks drop on bond sell-off, oil price surge
(Sharecast News) - A global bond sell-off and surging oil prices hit Wall Street equities on Tuesday, with the S&P 500 and Nasdaq falling for the third straight session as hostilities in the Middle East stepped up a gear.
Read MoreEurope close: Shares down as bonds, Iran war and EZ inflation hit sentiment
(Sharecast News) - European shares closed sharply lower on Tuesday amid renewed tensions between the US and Iran, while rising bond yields and higher eurozone inflation also raised concerns among investors about increases in the cost of borrowing.
Read MoreWPP to cut up to 1,000 more jobs - report
(Sharecast News) - WPP slumped on Tuesday following a report the advertising agency is cutting up to 1,000 more jobs by the end of the year as it accelerates a restructuring programme under new boss Cindy Rose that will also offload non-core businesses and surplus properties.
Read MoreUS manufacturing PMIs continue to expand in August
(Sharecast News) - US factory activity continued to expand in August, with both the ISM and S&P Global manufacturing PMIs signalling further growth even as demand, output and supply‑chain conditions showed signs of cooling.
Read More