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The FTSE was up a tad in early trading, posting a three point rise after the bell this Tuesday morning.

It’s the Oil giants that are keeping the FTSE in positive territory as news of the closure of a major North Sea pipeline for repairs boosts oil prices. FxPro analyst, Edward Anderson commented “WTI is 0.45% higher overnight to trade around $58.33 in early Tuesday trading. With a major Brent pipeline “off-line”, for major repairs, Brent’s rise has pulled WTI higher.”

The mornings biggest riser though, has been Ashtead. A rise in profits of 16% in the first half has given its board the confidence to announce that profits for the full year will be ahead of expectations. On top of that, a £1bn share buy back and increased dividend has boosted the Ashtead share price by 3.5%.

Over in the US, “equity markets notched yet more record highs on Monday, with both the Dow Jones and S&P 500 reaching fresh highs, while the Nasdaq outperformed on Tech sector strength.” Noted Accendo Markets analyst, Mike van Dulken. “ Apple and Disney led the Dow higher, offsetting Boeing weakness, while Energy names helped the S&P to a fresh record close.”

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Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Michael Morton

Michael Morton

Michael has worked within the Financial Industry for more than 20 years. Starting out as a financial analyst, he has extensive experience working with fund management groups and brokerages.

With an interest in Stocks and Shares, Funds, ETFs and Commodities, his investment focus is medium to long term gains, with the objective of financial security on retirement, and building wealth for his young children for their adult life. His broker of choice is Hargreaves Lansdown.

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