08:34

The improving fuel cost outlook means easyJet and IAG top the FTSE 100 index, up 4% or 20 points to 526.6 points and 2% or 5.2 points to 216.7 points respectively.

Retail shares were also positive, with Marks & Spencer up 5 points to 383.3 points and JD Sports Fashion up 2.1 points to 134.1 points.

The decline of Brent Oil by 4.5% to approximately $72.50 per barrel sent Shell shares down by 50.8 points to 2500.5 points, and BP by 2% or 7.3 points to 397.6 points.

Other fallers include GSK, which fell 11.5 points to 1437 points ahead of Wednesday’s third-quarter trading update.

Trainline shares on the FTSE 250 index rose 11%, or 37p, to 374p after the ticketing firm raised its full-year guidance.

Computacenter shares rose 6 points to 2,340 points despite the IT firm’s softer third quarter finish.

The FTSE 100 index is at 8245.61, with a decrease of 3.23 points, and the FTSE 250 index is at 20,864.73, with an increase of 44.82 points.

08:06 , Graeme Evans

While the FTSE 100 index has a flat opening, Wall Street is preparing for a stronger session with the relief of Israel’s retaliatory missile attack on Iran hitting only military targets.

IG Index said: “The hope is that the latest round of tit-for-tat is over and the situation in the Middle East can now de-escalate in the hope that the Gaza ceasefire agreement will resurface.

“The oil price took a 4 percent hit over the weekend as fears of supply disruptions eased. Meanwhile, the Yen continues to weaken as the ruling coalition loses its majority in parliament.”

BP and Shell shares opened 2% lower after Brent fell 4% to below $73 a barrel.

07:52 , Graeme Evans

A busy corporate results week will include more than 40% of the S&P 500 index by value, including five Magnificent Seven stocks.

After the closing bell on Tuesday, Google Business Alphabet reports, followed by Microsoft and Meta Platforms on Wednesday, and Apple and Amazon on Thursday.

In the UK, oil giants BP and Shell are in the spotlight on Tuesday and Thursday respectively. HSBC will issue an update tomorrow; GSK and Next will be among the figures reporting on Wednesday.

07:43 , Graeme Evans

Computacenter today lowered its full-year expectations, reflecting a “softer-than-expected end to the third quarter and a backdrop of cautious corporate spending.”

The FTSE 250-listed technology provider now expects pre-tax adjusted profit on a constant currency basis for the full year to lag slightly behind last year.

The story continues