In addition, fresh data showed that China's economy hit its slowest pace in a year, hampered by power shortages, supply chain disruptions and property market woes. GDP grew 4.9% in the third quarter.
Oil prices continue their ascent, with Brent crude trading above $85 a barrel. The rise in prices led Bank of England Governor Andrew Bailey to say yesterday that the Bank “will have to act”.
Among stocks, the Hut Group jumped 8.4% after it cancelled its CEO’s "golden share". Meanwhile, gaming software supplier Playtech surged 56.8% after Australia's Aristocrat Leisure said it will buy the company for 2.1 billion pounds.
Things to read: