Welcome to City AM‘s FTSE 100 liveblog.
It’s a new week in the City and global markets are gearing up for a chain of big events. Chief among them is the US midterms, which could have a major impact on the ongoing conflict in the Middle East that has sent the price of oil soaring.
Brent crude traded just below $110 per barrel on Monday morning, erasing some gains achieved last week following reports President Trump was weighing fresh military action on Iran.
Overnight in Asia, shares broadly moved higher despite some volatility in tech following growing worries that the AI buildup may prove to be a bubble.
Elsewhere, the UK is also gearing up for another Bank of England meeting this week, where it is broadly expected the monetary policy committee will hike interest rates.
Stick with us for all the latest economic and business news and updates.
Here’s a few of our top headlines this morning:
- Binance resumes customer withdrawals after record $6.3bn hack
- City of London chief named UK’s most influential black Briton
- Work-from-home rules are holding back young workers, says PwC boss
- Treasury minister: ‘I don’t think employers are working people’
- Healey has left £49bn blackhole in Britain’s finances, claims Badenoch
