Market Report - Close
London stocks managed to close in positive territory on Monday, buoyed by a rise at the open for US markets, and after some mixed trade data out of China.
For investors who had grown accustomed to market conditions where 'bad news' on the economy was 'good news' for stocks, Friday's much stronger-than-expected reading on the US jobs proved a disappointment.
London stocks managed a positive finish on Thursday, after the Bank of England announced its biggest rate hike in 27 years in a bid to tackle surging inflation.
London stocks closed above the waterline on Wednesday, as investors mulled the latest reading on the UK services sector ahead of the Bank of England’s scheduled policy announcement on Thursday.
London stocks closed in the red on Tuesday as US-China tensions escalated with the arrival of House Speaker Nancy Pelosi in Taiwan, although BP remained a bright spot after well-received second-quarter results.
London stocks turned negative by the end of trading on Monday, as geopolitical jitters around China and Taiwan spooked investors in late trading.
London stocks were in the green at the close on Friday after another tsunami of corporate news, as well as a raft of inflation indicators in the US and a very large and positive surprise on second quarter euro area gross domestic product.
London’s top-flight index had pared most losses but still closed weaker on Thursday, after a veritable king tide of corporate news, while fresh data showed the American economy contracting in the second quarter.
London stocks closed in positive territory on Wednesday, helped along by well-received updates from the likes of Smurfit and Reckitt, as investors pored over fresh data from across the pond ahead of the latest policy announcement from the Federal Reserve later.
London’s main indices followed their Wall Street counterparts into the red by the close on Tuesday, having risen earlier after well-received updates from the likes of Compass and Unilever.
London stocks closed in a mixed state on Monday as investors started to close their pocketbooks ahead of the US Federal Reserve’s policy announcement later in the week, amid a raft of corporate updates.
London stocks managed to close above the waterline on Friday, as investors mulled the latest retail sales, consumer confidence and business activity data.
London stocks managed a positive finish on Thursday, as investors digested the European Central Bank’s first rate hike in 11 years, waded through an avalanche of corporate updates, and mulled the latest UK borrowing figures.
London stocks closed in a mixed state on Wednesday, as investors reacted to yet another record for consumer inflation in the UK.
London stocks managed to close above the waterline on Tuesday, as London suffered in its hottest temperatures ever recorded, while investors digested the latest UK jobs data.
London's equity markets had pared some earlier gains but still managed a positive finish by the close on Monday, with energy shares pacing the advance.
London stocks managed a positive finish on Friday, after investors shrugged off weak Chinese data overnight.
London stocks closed well below the waterline on Thursday, with sentiment dented by worries about inflation and a global slowdown as investors digested a rise in jobless claims across the pond.
London stocks closed below the line on Wednesday, as investors digested surging inflation figures out of the US, after the latest UK economic data earlier surprised to the upside.
London stocks managed a positive finish on Tuesday, reversing earlier losses even as worries about a global slowdown continued to weigh on investors’ minds.