

Market Analysis
London stocks rebounded on Tuesday, tracking gains across broader markets, a day after recession fears in the United States triggered a significant sell-off, while a series of positive corporate earnings reports also contributed to the recovery.
By 0710 GMT, the blue-chip FTSE 100 index had risen 0.6%, following its worst fall in over a year on Monday.
The mid-cap FTSE 250 index increased by 1.3%, after hitting its lowest level in more than three months in the previous session.
Weak U.S. data from the past week heightened recession concerns in the world's largest economy, prompting investors to move to safe-haven assets amid a global market sell-off.
However, Monday's data indicated a rebound in U.S. services sector activity from four-year lows in July, along with reassuring comments from Fed policymakers that helped mitigate some losses.
In London, travel and leisure shares were among the top gainers, climbing 1.9%. InterContinental Hotels Group rose 2.8% after the Holiday Inn-owner reported a 3.2% increase in revenue per available room (RevPAR) in the second quarter.
Construction and materials shares gained 2.4%, driven by a 13.4% surge in Keller Group following its half-year results. The stock led the FTSE 250 index.
Heavy-weight banks increased by 1%. A check from the Bank of England showed that Britain's top eight banks could be resolved in a crisis without the immediate need for taxpayer funds.
Energy shares rose by 0.9% as oil prices rebounded by over 1%.
Most sectors recovered after closing in the red on Monday.
Domestic homebuilding and construction activity figures for July are due later in the day, in an otherwise light data week. Attention will be on several Fed policymakers, scheduled to speak throughout the month.
Among other stocks, Travis Perkins fell by 2.8% to the bottom of the FTSE 250 after the building materials supplier cut its annual earnings forecast following a 33% decline in first-half profit.
Paraphrasing text from "Reuters" all rights reserved by the original author.