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Tullow Oil PLC rose 7. 1 after the oil explorer said itll restart drilling in Ghana after a territorial dispute went in its favour. Chancellor Angela Merkel won a fourth term in office on Sunday but will have to build a coalition to form a government as Conservatives lost support in the face of a surge by the anti-immigration Alternative for Germany (AfD).
May proposed a transition period of around two years after the UK leaves the European Union, during which time access to the single market will continue on current terms. Following Mays speech, ratings agency Moodys downgraded Britains credit rating to Aa2, saying government plans to reduce debt had been knocked off course and that Brexit would weigh on the economy.