Here are the top business, market and economic stories you should be watching today in the UK, Europe and abroad:
Oil stocks and Thomas Cook boosts FTSE 100
On Monday, the White House announced that waivers for China, India, Japan, South Korea and Turkey would expire in May, in a bid drive down Iran’s oil exports to zero. This would, in turn, deny the government its main source of revenue.
Meanwhile, shares in Thomas Cook also provided a sizeable lift, following rumours that it has been tentatively approached about a takeover.
The tour operator, which is one of the most iconic names in British travel history, had shares soar by over 14%, after Sky News reported that the takeover talks centred around its tour operating unit, as well as the entire company.
Meanwhile, Europe stock treads lower…
The pan-European STOXX 600 index traded lower after seven consecutive sessions of gains as Umicore fell 16% after it warned revenue and earnings growth in 2020 will be lower than previously expected.
While oil majors, mainly on the FTSE 100, gained ground due to the news from the US, airline stocks took a hit from the higher oil prices.