The market spotlight on Tuesday was likely to be on testimony from the head of the US Federal Reserve, Jerome Powell, and US Treasury Secretary Janet Yellen, both of whom were due to testify before a Senate panel on the CARES Act Relief programme.
Wall Street stocks closed higher on Monday following Friday's omicron variant-fuelled selloff.
European shares managed a bounce at the start of the week, although by the end of the trading day it was much diminished, as investors tried to figure out the possible scenarios for the economic outlook in the wake of the discovery of Omicron, the new variant of Covid-19.
London stocks gave back some of their earlier gains, but still closed higher on Monday, as stocks staged a recovery from last Friday’s sell-off amid worries about the new ‘Omicron’ variant of Covid-19.
Barclays upgraded GB Group to 'overweight' from 'equalweight' on Monday, hiking the price target to 1,000. 0p from 865. 0p following the company’s acquisition of US identity identification business Acuant.
Alumasc Group revealed on Monday that group finance director Simon Dray had acquired 20,000 ordinary shares in the AIM-listed sustainable building products company.
Twitter confirmed on Monday that Jack Dorsey was stepping down as chief executive officer and will be succeeded by Parag Agrawal with immediate effect.
Analysts at JP Morgan predicted that underinvestment in new oil production capacity was set to drive Brent crude oil prices to $125 per barrel in 2022 and $150 in 2023.
London’s FTSE 250 was up 1% at 22,772. 17 in afternoon trade on Monday.
UK retailers warned on Monday they did not expect to police the reintroduction of mandatory mask wearing in shops in England from Tuesday over fears of abuse from customers who refuse to comply.
Gold and base metals exploration company Rockfire Resources updated the market on its diamond drilling programme at its wholly-owned Copperhead porphyry project in north Queensland, Australia on Monday.
Signed contracts on existing US homes, also known as pending sales, jumped 7. 5% month-on-month in October, according to the National Association of Realtors.
China announced its intention to supply a further one billion doses of its Covid-19 vaccines to African countries on Monday.
Wall Street stocks were trading higher early on Monday following Friday's omicron variant-fuelled selloff.
UK retail footfall rose 2% week-on-week in the seven days ended 27 November, however, this was driven by shopping centres and retail parks as footfall across high street destinations declined on Black Friday for the first time in history.
Molecular diagnostics company Genedrive has submitted its new rapid point-of-care molecular Covid-19 test for CE-IVD certification in Europe, it announced on Monday.
London’s FTSE 100 was up 1. 56% at 7,294. 27 in afternoon trade on Monday.
Twitter shares surged on Monday after CNBC reported that Jack Dorsey - who founded the social media site in 2006 - was set to step down as chief executive officer.
Oil and gas exploration and production company Enwell Energy updated the market on operations at its Mekhediviska-Golotvshinska (MEX-GOL) and Svyrydivske (SV) gas and condensate fields, and its Svystunivsko-Chervonolutskyi (SC) exploration licence in Ukraine on Monday.
Barclays upgraded GB Group to ‘overweight’ from ‘equalweight’ on Monday, hiking the price target to 1,000p from 865p following the company’s acquisition of US identity identification business Acuant.
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