Commodities were lower almost across-the-board following news that US Senate Republicans had clinched passage of their tax cut package in that chamber at the weekend.
Early strong gains in European stockmarkets stuck this time, amid US tax reform progress that boosted the dollar's value and after news broke of a possible breakthrough in Brexit talks.
Mayor of London, Sadiq Khan is requesting a special Brexit deal to allow London to stay within the European Union’s single market and customs union.
Bitcoin hit a new record high of nearly $11,800 on Sunday breaking it’s last record of over $11,000 on Wednesday 29 November.
Wall Street is trading on a mixed note at the start of the week as investors welcome news that Senate Republicans have passed their proposed tax reform bill but rotate out of technology stocks, although political concerns were still on some traders' minds.
Shares in Sky were lifted on Monday after reports that Walt Disney has restarted talks with Rupert Murdoch’s 21st Century Fox over acquiring most of the broadcaster's assets, including the stake in the UK business.
The upper chamber of the US Congress approved a tax cut package at the weekend, possibly paving the way for final approval for as soon as the end of this week, but market commentary is quite divided on just how powerful a boost it will deliver to the economy and the price the country will have to pay in terms of an increased debt burden.
UK Prime Minister Theresa May has to European Union negotiating teams that no part of Ireland will be taken out of the single market and customs union after Brexit, Irish media reported on Monday.
US drugstore chain CVS Health has agreed to buy health insurer Aetna in a deal worth around $69bn.
Italian cable maker Prysmian Group has agreed to buy US rival General Cable in a deal that values the company at around $3bn including debt and other liabilities.
US social media giant Facebook is to create 800 new jobs in London with the establishment of a new engineering hub in the capital.
Markets in Asia finished mixed on Monday, after a declining session on Wall Street on Friday, as investors digested news out of the US that the Senate just passed its tax bill early on Saturday.
US futures pointed to healthy gains at the open on Monday as investors welcomed news that the Senate Republicans have passed the tax reform bill.
Dialog Semiconductor said on Monday that Apple, its largest client by far, could potentially design its own power management chips "in the next few years", sending shares in the UK-based, German-listed chip maker into red for the second day in a row.
Stocks ended only slightly lower on Friday, brushing off news that ex-US National Security adviser, Michael Flynn, was set to testify against his old boss, President Trump.