FTSE 100 Live: Stocks to dip as AI and oil pressures remain elevated

Welcome to the City AM FTSE 100 liveblog. The London blue-chip index appears set for a slight decline as traders evaluate the changing pressures on global markets. Asian stock markets mainly fell on Monday due to ongoing concerns over AI funding requirements. Meanwhile, a decrease in oil prices provided a bit of relief to bond markets, helping to curb some losses in Asia.

Oil prices took a hit after Donald Trump lifted certain sanctions on Russia, although Brent crude continued to stay above $108 per barrel despite a significant weekly increase the previous week. We'll keep you updated throughout the day with the latest news from the London Stock Exchange and the broader business world as it happens.

Here are some of our key stories this morning: UK company profit warnings are on the rise due to the Iran war driving up costs; MPs are urging the competition watchdog to investigate the dominant positions of live music industry firms; the Tories are calling for immediate action on youth unemployment in the latest Budget; Condé Nast UK profits have dropped by more than a third because of the scrapped sale; and the impact of drinking alcohol at football matches could reveal insights into sporting fandom. The liveblog has concluded for now. No updates have been posted yet.