News by: Himanshu Singh
And Philip Hammond could face £80 billion black hole following Brexit vote.
A drop in the price of oil and lingering uncertainty about the US presidential election also contributed to the downbeat mood.
A flurry of merger and acquisition activity also helped bolster confidence at the start of a busy week.
And EU trade deal with Canada on brink of collapse after Belgian disarray.
Japanese stocks held steady as figures indicated the nation’s exports declined less than expected last month.
And Microsoft is to increase its prices by as much as 22% in the UK because of sterling’s recent decline.
And William Hill will begin searching for a new chairman next year after a series of “blunders” by Gareth Davis.
And British American Tobacco stuns with $47 billion post-Brexit takeover of its rival Reynolds.
And Deutsche Bank shares jump on talk of Middle Eastern and Chinese backing.
Investors grappled with a mixed bag of economic data, earnings results and a steep drop in crude-oil prices.
And big businesses warn UK will be the loser from government intervention on foreign takeovers.
A disappointing revenue forecast from Intel capped the advance on Wall Street, however.
And May has pus Heathrow vote on hold to avoid Tory resignations.
Gains were broad, with each of the 11 major S&P sectors in positive territory, led by a 1.1% gain in healthcare.
And Bank of England deputy says plunging pound is a 'shock absorber' for the economy.
Hasbro surged more than 7%, taking the crown as the best performer in the S&P 500 after the toy maker exceeded analysts’ forecast for profit and revenue.
Shares of Crown Resorts plunged as much as 13%, heading for the biggest slide in almost eight years.
And UK looks at paying billions into EU budget after Brexit to retain single access to the market.
And inflation in the UK could double as oil price pushes up petrol costs.
And Bank of England will tolerate higher inflation for the sake of growth.