MARKETS LIVE: US futures mixed as oil falls

• Dow futures: 51,926.00, down 66 points since last update.

• S&P 500 futures: 7,864.25, down 0.25 points.

• Nasdaq 100 futures: 31,059.50, up 1 point.

9.30 EDT: Dow futures surrender gains

Dow Jones and S&P 500 futures slipped since the last update, while Nasdaq 100 futures edged higher.

On the day, Dow futures were flat, S&P 500 futures were up 4.50 points, and Nasdaq 100 futures were down 49.25 points.

Crown Castle led the gainers, rising 15.60% to $79.64, while T-Mobile US was the biggest loser, falling 13.27% to $148.58.

Analysts expect earnings-per-share growth of around 30%, with businesses benefiting from AI infrastructure spending contributing more than half the projected increase.

8.00 EDT: Wall Street preview

Dow Jones futures and S&P 500 futures edged higher ahead of Monday’s opening bell, while Nasdaq 100 futures slipped.

Investors were preparing for bank earnings and Tuesday and Wednesday’s inflation report, while oil prices retreated.

December Brent crude fell 1.8% to $102.84 a barrel after Donald Trump announced an energy ceasefire between Russia and Ukraine, although neither Kyiv nor Moscow confirmed an agreement.

Stalled talks over reopening the Strait of Hormuz and renewed Middle East tensions continued to threaten energy supplies.

Headline US inflation is forecast to accelerate to 3.7%, while core inflation is expected to cool to 2.5%, offering clues to the Federal Reserve’s next interest-rate decision.

In London, the FTSE 100 stood at 10,642.66, up 90.61 points on the day and 22.09 points since last update.

12.00 BST: London shares extend gains as oil retreats

The FTSE 100 and FTSE 250 extended their gains by late morning as falling oil prices outweighed escalating Middle East tensions.

ConvaTec remained the biggest gainer, rising 6.60p to 226.60p, while Informa was the biggest loser, falling 19.80p to 875.80p.

Iran’s security chief Mohsen Rezaei called Washington’s response to Tehran’s conditions for reopening the Strait of Hormuz inadequate, following weekend Houthi attacks on Saudi airports.

Donald Trump announced a deal for Russia to supply about 13.5 million barrels of diesel and an energy ceasefire between Russia and Ukraine.

11.00 BST: Small-cap Round-Up

Pathos Communications Plc (LSE:NEWS) will sponsor the World Media Congress’s board and VIP lunch in Madrid on 13–15 October.

Mila Resources PLC (LSE:MIL) reported a 2m downhole interval grading 11.85g/t gold at Yarrol.

hVIVO PLC (AIM:HVO) appointed Angela Hildreth as CFO and board director, effective 18 November.

Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF, FRA:VD5N) said finance director Chris Eadie stepped down on 9 October; a successor search is under way.

genedrive PLC (AIM:GDR) highlighted an NIHR case study on its rapid genetic test identifying newborns at risk of hearing loss from certain antibiotics.

IP Group PLC (LSE:IPO) led an oversubscribed £4m funding round in AI-driven materials discovery company Matter Machine.

10.00 am BST: Blue-chip rally holds as mid-caps lose momentum

ConvaTec moved to the top of the FTSE 100 risers with a 2.6% gain to 225.8p, extending its advance from Friday.

The FTSE 100 held broadly steady at 10,610, up 58 points, or 0.6%, as financial and defensive shares continued to support the index.

Lion Finance gained 2.6%, Standard Life rose 2.3% and HSBC added 2.1%, while Standard Chartered advanced 1.5% and Admiral Group climbed 1.4%.

Defence stocks also strengthened, with Babcock International up 1.6% and BAE Systems gaining 1.3%.

The FTSE 250 surrendered most of its earlier advance, rising just 20 points, or 0.1%, to 24,234.

The AIM All-Share slipped 0.2%.

9.00 am BST: Financials lead as hiring weakness weighs on recruiters

The FTSE 100 extended its opening advance, rising 57 points, or 0.5%, to 10,609 as financial shares led the market.

Lion Finance, HSBC and Standard Life each gained around 2%, while Standard Chartered rose 1.7%, Lloyds added 1.5% and Barclays advanced 1.3%.

Recruitment shares moved sharply lower after Hays reported a 3% decline in first-quarter net fees, including a 7% fall in permanent hiring.

Hays dropped 10.8% to 57.3p, while rival PageGroup fell 5.1% as investors focused on continued weakness across permanent recruitment markets.

The FTSE 250 added 47 points, or 0.2%, to 24,260, with GlobalData leading the mid-cap risers after gaining 5.1%.

The AIM All-Share slipped 0.1%.

8.00 am BST: London opens higher

The FTSE 100 opened 37 points, or 0.4%, higher at 10,589, matching the positive pre-market indication after Wall Street ended Friday with gains.

Metlen Energy & Metals led the risers with a 2.4% advance, while Standard Life added 1.9%.

Banks provided broad support as Standard Chartered gained 1.5%, HSBC rose 1.4%, and Barclays advanced 1.3%.

British Airways owner International Airlines Group climbed 1.4% as lower crude prices eased pressure on expected fuel costs.

Burberry and Airtel Africa each added more than 1%.

The FTSE 250 gained 46 points, or 0.2%, to 24,260, while the FTSE AIM All-Share slipped 0.1%.

7.00 am BST: London set for firmer start

The FTSE 100 is expected to extend Friday’s rally, with IG pricing indicating an opening level near 10,588, around 36 points above the official close.

The blue-chip index ended Friday up 111 points, or 1.1%, at 10,552 after software, data and mining shares led a broad rebound.

Wall Street provided a positive lead as the Dow Jones Industrial Average rose 0.8% to 51,654.95, while the S&P 500 and Nasdaq Composite each gained 0.6% to 7,811.54 and 27,366.17 respectively.

US equity futures advanced more than 0.3% on Monday as attention turned towards inflation figures, retail sales data and third-quarter results from major banks later in the week.

Asian markets were mixed, with Australia’s ASX 200 closing 0.9% higher at 8,790.70 and Hong Kong’s Hang Seng adding 0.2%, while the Shanghai Composite slipped 0.1% and South Korea’s Kospi dropped 3.1%.

Tokyo was closed for a public holiday.

Oil prices retreated by about US$1.50 a barrel after the United States announced plans to purchase Russian diesel, with Brent trading near US$103.31 and West Texas Intermediate around US$90.31.

Gold gained 0.4% to about US$4,209 an ounce, while copper advanced to around US$6.68 a pound.

Sterling traded close to US$1.3220 and Bitcoin gained about 1% to approximately US$83,800.

The UK corporate calendar is quiet, with interim results from Sanderson Design Group and a trading update from Anglo Eastern Plantations among the scheduled announcements.

Investors will also monitor speeches from Bank of England deputy governor Sarah Breeden and Monetary Policy Committee member Catherine Mann.