US stocks finished mixed on Monday after struggling for direction for most of the day, as big swings in bond yields provided the backdrop for a tumultuous trading session.
Tuesday's market spotlight would be on a raft of survey results for manufacturing and services in the UK, euro area and US.
European stocks finished on a mixed note on Monday as fears of an escalation of conflict in the Middle East weighed on risk appetite, although traders appeared relieved by the fact that the ground offensive into Gaza had yet to materialise.
London's stock markets finished with a varied performance on Monday, driven by concerns over rising UK bond yields and global interest rate trends.
Analysts at Berenberg raised their target price on transport group FirstGroup from 170. 0p to 185. 0p on Monday, stating a recent depot visit had reaffirmed their positive view of the business.
888 Holdings revealed on Monday that chief executive Per Widerström had acquired 1. 12m ordinary shares in the London-listed gambling company.
US stocks were slightly in the red on Monday morning as the yield on a 10-year US Treasury topped 5% for the first time in 16 years, while ongoing uncertainty surrounding the conflict in the Middle East continues to weigh on sentiment.
London’s FTSE 250 was down 0. 3% at 16,981. 56 in afternoon trade on Monday.
Analysts at Canaccord Genuity downgraded advertising agency The Mission Group from 'buy' to 'speculative buy' on Monday and cut the target price on the stock from 61. 0p to 55. 0p, citing a dip in demand.
Analysts at Berenberg raised their target price on transport group FirstGroup from 170. 0p to 185. 0p on Monday, saying a recent depot visit had reaffirmed their positive view of the business.
London’s FTSE 100 was down 0. 5% at 7,363. 82 in afternoon trade on Monday.
Trinidad and Tobago-focussed Trinity Exploration updated the market on its third quarter on Monday, reporting that preparations for production testing had been underway after the Jacobin oil discovery in the Palo Seco area of onshore Trinidad in August.
Payments software vendor EngageSmart said on Monday that it has agreed to be taken over by private equity firm Vista in a $4bn cash deal.
The Barclay family is seeking to postpone a court case that would see insolvency proceedings get underway for one of their key holding companies, it was reported on Monday.
Fertiliser producer Harvest Minerals updated the market on sales for its KP Fértil product on Monday, reporting that as of the end of September, it had received orders totalling 40,000 tonnes.
Orcadian Energy announced the signing of a significant six-month lock-in agreement over 7,049,695 shares held by former director Greg Harding and his wife Nora on Monday.
Ondine Biomedical announced ground-breaking research findings from Vancouver General and University of British Columbia (UBC) Hospitals in British Columbia, Canada, on Monday, after they implemented a universal pre-surgical nasal photodisinfection and chlorhexidine gluconate (CHG) wipes protocol.
London stocks had extended losses by midday Monday as UK bond yields jumped amid worries about higher-for-longer interest rates, with eyes on developments in the Middle East and a packed corporate schedule this week.
European stocks dropped on Monday as fears of an escalation of conflict in the Middle East weighed on risk appetite, along with a continued sell-off of government bonds.
Swiss drug giant Roche has agreed to buy Telavant Holdings from Pfizer and Roivant Sciences in a $7. 1bn deal, it was announced on Monday.
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