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Tuesday Morning Markets: FTSE Extends Gains as Oil Falls, Shell and BP Slip

European shares have extended Monday's gains so far on Tuesday while oil and gold fell, and a batch of company updates split the mid-caps, with Funding Circle rising and Avon falling.

The FTSE 100 is up 0.3% in morning trading on Tuesday 10 November, extending Monday’s climb, while the FTSE 250 has gained 0.7%; the DAX rose 0.9% and the CAC 40 0.8%.

FTSE.INDX

Oil and gold are both down so far today.

Brent crude has dropped 2.3% to $90.46 and WTI has fallen 2.2% to $84.95, while spot gold lost 1% to $4,102. Sterling was flat against the dollar at $1.3439.

On the Middle East conflict, the BBC reported that Trump said on Monday that further US attacks on Iran were “highly unlikely”, with “positive momentum” behind negotiations; Iranian officials have repeatedly expressed doubts about his earlier comments.

Among FTSE 100 fallers, Shell fell 1.51% to 3,644.25p and BP fell 1.76% to 547.00p amid the decline in oil prices. Ithaca Energy was down 1.44%.

Risers include Lion Finance Group, up 3.24% to 13,715.00p, Rolls-Royce, up 3.00% to 1,360.30p, and Prudential, up 2.97% to 985.30p.

FCH.LSE

In the FTSE 250, Funding Circle has jumped 7.45% to 223.75p after raising full-year revenue guidance to at least £275m, from above £255m. Chief executive Lisa Jacobs, who will step down in 2027, said SME demand “has remained resilient despite continued macro uncertainty”.

Playtech has climbed 3.47% to 381.60p after lifting its 2026 adjusted EBITDA expectation to over €300m, above a prior €271m-€285m range, though it cautioned on 2027. Meridian Mining added 3.57%.

Among the mid-cap fallers, Avon Technologies fell 5.83% to 2,260.00p despite results showing revenue up 12.7% to $353.7m and adjusted operating profit of $60.7m, against $40.3m. Princes Group lost 2.70% to 359.25p despite saying it expects full-year expectations to be met. EnQuest slipped 3.23%.

Among other updates, Vodafone guided to FY27 adjusted EBITDAaL of €13.2-13.4bn, though it reported a €3.6bn first-half loss, which was non-cash. Chief executive Margherita Della Valle said, “Germany is not yet where it needs to be.”

Metlen Energy & Metals said it has signed Sale and Purchase Agreements with Nala Renewables for the sale of a UK solar photovoltaic portfolio with a combined capacity of approximately 119 MW.

DCC Energy reported first-half adjusted continuing operating profit of £175.2m, up 1.1%, with no interim dividend in line with its takeover by an Energy Capital Partners and KKR consortium.

AskTraders Stocks to Watch Today

Disclaimer: These picks are AI-generated and for information only. They are not investment advice. Capital is at risk, and you should do your own research before trading.

Momentum traders look for stocks already moving with conviction. These three London-listed names stood out in Monday’s session.

Antofagasta (LSE: ANTO) rose 6.2% on Monday, one of the stronger gains among the London stocks we screened. Watch whether buyers follow through at the open.

Wizz Air (LSE: WIZZ) gained 6.1%, a sharp one-day move for the airline. Moves like this can fade as quickly as they arrive, so the next session matters.

Baltic Classifieds Group (LSE: BCG) finished Monday on a five-session winning streak. It is a steadier climb than the other two, which shows persistence rather than one big jump.

Sam Boughedda
Sam Boughedda
Team Member

Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples. 

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