Wall Street stocks closed higher on Monday as the current state of the global banking system remained firmly in focus.
European shares finished higher, recovering from early selling following the bailout of Swiss lender Credit Suisse at the weekend.
UBS upgraded Glencore to 'buy' from 'neutral' on Monday as it said the risk/reward scenario was now attractive after the recent selloff.
Miners spearheaded gains at the start of the week as the US dollar softened a tad after the rescue of troubled Swiss lender Credit Suisse at the weekend.
Investors' focus on Tuesday would continue to be trained on the global banking sector and financial markets' reaction to the Credit Suisse rescue at the weekend.
London stocks managed a positive finish on Monday, having clawed back from a downbeat start as investors mulled the implications of Credit Suisse’s takeover by UBS.
Keller Group revealed on Monday that chief financial officer David Burke had acquired 15,012 ordinary shares in the FTSE 250-listed geotechnical engineering company.
London’s FTSE 100 was up 0. 9% at 7,398. 79 in afternoon trade on Monday.
Wall Street stocks were mostly higher early on Monday as the current state of the global banking system remained firmly in focus.
FTSE 250: 18,508. 69 +0. 20% at1500 GMT.
Amazon is planning to axe another 9,000 jobs worldwide as it looks to cut costs.
Analysts at Berenberg nudged up their target price on construction outfit Breedon from 80. 0p to 85. 0p on Monday, stating there was "plenty to play for".
Rail signal workers and maintenance staff in the RMT union have voted to accept a pay offer from Network Rail.
British workers are £11,000 worse off a year after 15 years of “unprecedented” wage stagnation and economic policy failure, the Resolution Foundation think tank said on Monday.
The German economy is expected to contract in the first quarter, according to the Bundesbank.
The single currency bloc's shortfall on trade in goods with the rest of the world narrowed at the start of 2023, but only because imports fell more quickly than exports.
Markets across the Asia-Pacific region dipped into negative territory on Monday as investors reacted to the news of Swiss banking giant UBS' $3. 25bn acquisition of its struggling rival Credit Suisse over the weekend.
Lifestyle and concierge business Ten Lifestyle expects to post markedly improved interim revenues, driven by both contract developments and a record number of active members.
FirstGroup's troubled Avanti West Coast rail contract has been controversially extended to October despite calls for it to be stripped of the franchise for unreliable services and cancellations.
UBS upgraded Glencore to ‘buy’ from ‘neutral’ on Monday as it said the risk/reward was now attractive after the recent selloff.
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