StockMarketWire.com - UK equities took its cue from strong trading in the US overnight as the FTSE 100 opened 0.2% higher at 7,555.

Among the noticeable risers were cigarette sellers Imperial Brands (IMB) and British American Tobacco (BATS), which drifted 1.1% and 0.7%, respectively.

Brent crude oil ticked 0.4% higher to $63.66 per barrel. Gold nudged 0.2% higher to $1,264 per ounce while copper cheapened 1% to $3.09 per pound.

OVERSEAS MARKETS

Investors were confident that transformational US tax cuts would be passed this week, helping the stock markets rise overnight.

The Nasdaq was the biggest beneficiary, up 0.8% at 6,994.

Asian equities chased the US markets higher this morning with the exception of Japan's Nikkei 225, which dipped 0.1% to 22,868.

MID AND LARGE CAP RISERS AND FALLERS

It was good news from Acacia Mining (ACA) after it agreed to sell a non-core royalty over the Hounde Mine in Burkina Faso for $45m, helping the shares advance 1.2% to 181.8p.

Banking company Old Mutual Wealth (OML) was up 4% to 221.7p on its decision to sell its single strategy asset management business to global private equity firm TA Associates for an expected £600m.

SMALL CAP RISERS AND FALLERS

Comparison website GoCompare (GOCO) agreed to acquire MyVoucherCodes owner The Global Voucher Group and its subsidiaries from Monitise for £36.5m. Shares in GoCompare rallied 4.3% to 103.5p as the company expects full-year adjusted operating profits to hit the upper end of forecasts.

Elsewhere, biopharma firm PureTech Health (PRTC) announced its affiliate Entrega sealed a research collaboration with Eli Lilly. Under the deal, Entrega will receive $5m in research funding to investigate the application of Entrega's peptide delivery tech to specific products and therapeutic candidates of Eli Lilly. Shares in PureTech received a 3% shot to 144.2p on the news.

On AIM, precision marketing software specialist Pelatro (PTRO) and global video advertising company Mirriad Advertising (MIRI) made their debut.


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