French engineering group Spie fell 4.3% after it confirmed it had submitted a non-binding offer to buy Equans, the newly created services unit of French energy group Engie
*London’s FTSE 100 rose on Monday, led by financial and industrials stocks, on bets that central banks would keep monetary policy loose amid signs of a sharp slowdown in the global economic rebound.*
The export-heavy FTSE 100 closed the session up 0.7%, with personal goods and industrial services stocks jumping 1.9% and 1.7%, respectively.
*The FTSE 100 had ended last week essentially flat as macroeconomic data suggested Britain’s recovery from the pandemic lost more momentum in August, a trend that was mirrored across the Atlantic with a dismal U.S. jobs report.*
The shockwaves are still reverberating from the sickly U.S. jobs numbers on Friday, but the markets (now) appear to be taking the positives from the news..
The U.S. Federal Reserve has consistently reiterated that its decision making will be heavily led by the unemployment situation and therefore a weakening in the labour market could see it hold off on tapering its support for the economy for a bit longer.
The more domestically focused mid-cap FTSE 250 underperformed regional peers as data showed new car registrations in Britain fell 22% year-on-year in August.
Energy stocks were also weighed down by a slip in oil prices.
By: via @AlliesFin Serve Stock Market
