Wall Street stocks closed higher on Monday despite rising cases of Covid-19 at home and increased lockdown measures abroad ahead of the US general election.
All eyes on Tuesday will be on the US elections, even if the results won't start to be known - under a best case scenario - until the next day.
European shares bounced back at the start of the week as better-than-expected reading on factory sector activity out of China, India and the US helped to steady investor sentiment.
Some of the more beaten down areas of the London stockmarket paced gains at the start of the week, amid bottom-picking by some investors even in the face of the uncertainty posed by the 3 November elections the next day.
London stocks finished in a mixed state on Monday, with the top-flight index helped along by a strong performance from Ocado, hopes of a Brexit deal and better-than-expected manufacturing data, as investors braced for a second national lockdown and the US presidential election.
Analysts at Berenberg lowered their target price on British Airways parent company International Consolidated Airlines from 260. 0p to 180. 0p on Monday, stating the company's third-quarter results highlighted "extreme uncertainty" going into winter.
JD Sports revealed on Monday that chairman Peter Cowgill had disposed of 2. 58m ordinary shares in the FTSE 100-listed sportswear retailer.
Clinical artificial intelligence (AI) company Sensyne Health announced on Monday that its ‘CVm-Health+’ app is to be used by the University of Oxford in its ‘FACTS’ clinical study evaluating the feasibility and acceptability of new point-of-care tests for regular asymptomatic Covid-19 testing in the community.
Post-election politics will be more positive for US equities than many fear, presenting a buying opportunity, JP Morgan said.
London’s FTSE 250 was down 0. 3% at 17,161. 59 in afternoon trade on Monday.
Factory sector activity in the US accelerated substantially last month, amid a surge in new orders, the results of a closely-followed survey showed.
Wall Street stocks opened sharply higher on Monday despite rising cases of Covid-19 at home and increased lockdown measures abroad.
Onshore Caribbean, Latin America and Europe-focussed natural resources company Ascent Resources has agreed a six-month extension to its memorandum of understanding with the Cuban national oil company CUPET, it announced on Monday.
London’s FTSE 100 was up 1. 4% at 5,656. 67in afternoon trade on Monday.
South east Asia-focussed energy company Coro Energy announced its maiden clean energy investment on Monday, having acquired a 20. 3% shareholding in Ion Ventures.
Analysts at JP Morgan reiterated their 'overweight' stance for shares of BAE Systems and Ultra Electronics, among other European defence stocks, arguing that investors' concerns were overdone - and already more than priced into those companies' shares.
Immedia has appointed John Trevorrow as finance director and company secretary after he reorganised its finance department as financial controller.
Fletcher King said it suffered a £450,000 first-half trading loss and that fees would be affected by the government's second Covid-19 lockdown.
Crude oil futures rallied from their intraday lows after reports that Russia was considering postponing plans to taper the oil output curbs now in place by three months.
Alternative asset manager Gresham House has sold a further battery storage project to the Gresham House Energy Storage Fund on 30 October, it announced on Monday.
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