Oil majors, Ocado weigh on FTSE 100; TUI shines

Oil majors, Ocado weigh on FTSE 100; TUI shinesThe FTSE 100 was largely flat on Monday, as oil majors dipped following United States’ demand to OPEC for higher production, while online supermarket Ocado slipped after disclosing the cause of the fire at its Andover site earlier this year. Meanwhile, travel groups TUI and Thomas Cook rose over 2 percent after the latter said British holidaymakers are favoring destinations outside the European Union.

Two U.S. Navy warships sail through strategic Taiwan Strait

Two U.S. Navy warships sail through strategic Taiwan StraitThe voyage risks further raising tensions with China but will likely be viewed by self-ruled Taiwan as a sign of support from the Trump administration amid growing friction between Taipei and Beijing. Taiwan is one of a growing number of flashpoints in the U.S.-China relationship, which also include a trade war, U.S. sanctions and China’s increasingly muscular military posture in the South China Sea, where the United States also conducts freedom-of-navigation patrols. “The ships’ transit through the Taiwan Strait demonstrates the U.S. commitment to a free and open Indo-Pacific,” Commander Clay Doss, a spokesman for the U.S. Navy’s Seventh Fleet, said in a statement.