Wall Street stocks recorded solid gains on Monday as major indices shook off concerns around a continued rise in new Covid-19 cases across the United States.
Shares in Europe moved back towards roughly five-month highs, boosted by an overnight surge in Chinese stocks and another big positive economic surprise in the States.
The White House is preparing a raft of executive orders on subjects ranging from the People's Republic of China, to manufacturing or immigration and the price of prescription drugs.
London stocks finished well above the waterline on Monday, underpinned by a strong showing from housebuilders as investors digested a better-than-expected reading on the UK construction sector.
Regulators have told the UK's 'Big Four' accounting firms that by June 2024 they must separate their accounting and auditing arms.
The market spotlight on Tuesday will be on industrial production data out of Germany and a report on the US jobs market.
Analysts at Berenberg took a fresh look at British hospitality giant InterContinental Hotels Group on Monday after the company's most recent quarterly performance came in "a little weaker" than expected.
Polar Capital revealed on Monday that non-executive director Brian Ashford-Russell had acquired 106,544 ordinary shares in the London-listed asset manager.
Mining investment company Altus Strategies released the results of an independent mineral resource estimate at its wholly-owned Diba gold project in Mali on Monday.
Specialist property investor Urban Logistics announced on Monday that 98% of rent due for the quarter to September had been collected.
Financial markets focus over the coming week will be on the delicate balance between economic data that in many cases continues to surprise to the upside and progress on containing the Covid-19 pandemic in the world's largest economy, in particular.
London’s FTSE 100 was up 1. 6% at 6,257. 52 in afternoon trade on Monday.
London’s FTSE 250 was up 1. 2% at 17,501. 86 in afternoon trade on Monday.
Wall Street stocks recorded solid gains at the bell on Monday as major indices shook off concerns around a continued rise in new Covid-19 cases across the United States.
Activity in America's services sector rebounded with 'gusto' in June, far surpassing economists' forecasts, the results of a closely-followed survey revealed.
Analysts at Hardman&Co. initiated coverage on FTSE-250 listed private equity investor ICG Enterprise Trust on Monday, telling clients that it was "anomalous" that a firm with a consistent record of outperformance should be trading at only two-thirds of its net asset value.
Morocco-focussed upstream gas company Sound Energy has concluded a re-negotiation of the terms of its Anoual exploration permits with Morocco's National Office of Hydrocarbons and Mines (ONHYM), it announced on Monday.
Chemicals company Croda International has agreed to buy Avanti, a company specialising in the development and production of high-purity polar lipids used in next-generation drug delivery technology and vaccines, for as much as $260m.
Uber Technologies confirmed on Monday that it has agreed to buy food delivery start-up Postmates for around $2. 65bn in all-share deal.
Shares in Europe were still trading on the front foot early on Monday afternoon, boosted by an overnight surge in Chinese stocks, even as the single currency was moving sharply higher.