Market Report - Midday
London stocks had pared losses by midday on Thursday to trade a little lower amid ongoing concerns about rising Covid-19 infections and further restrictions, as investors eyed details of Chancellor Rishi Sunak’s new measures to replace the furlough scheme.
London stocks had extended gains by midday on Wednesday as investors brushed aside news that the UK’s post-lockdown recovery was losing steam.
London stocks were a touch higher by midday on Tuesday, steadying after heavy losses in the previous session as investors mulled updates from the likes of Kingfisher and Whitbread.
London equity markets had tanked by midday on Monday, with travel, hospitality and leisure stocks all under the cosh as investors mulled the prospect of tougher lockdown restrictions.
London stocks were still a little weaker by midday on Friday amid concerns about rising coronavirus cases and the introduction of further restrictions, as investors digested the latest UK retail sales data.
London stocks were still in the red by midday on Thursday after the Bank of England left interest rates and its bond-buying target unchanged but said it was ready to take further action amid economic uncertainty.
London stocks were little changed by midday on Wednesday as investors digested a sharp decline in UK inflation and eyed a rate announcement by the US Federal Reserve.
London stocks had extended gains by midday on Tuesday as investors digested the latest UK jobs data, with miners pacing the advance after the release of encouraging Chinese data.
London stock had turned a touch weaker by midday on Monday despite a flurry of M&A news and Covid-19 vaccine hopes.
London stocks were still a little higher by midday on Friday as investors digested the latest UK GDP figures, with all eyes on the resumption of Brexit talks.
London stocks had extended losses by midday on Thursday as investors eyed the latest interest rate decision from the European Central Bank.
London stocks were still firmly in the black by midday on Wednesday despite disappointing news on the Covid vaccine front, helped along by a weaker pound.
London stocks had turned lower by midday on Tuesday, while sterling slumped further on reports the head of the UK government’s legal department has quit over Prime Minister Boris Johnson’s plans to rewrite the EU withdrawal agreement.
London stocks had extended gains by midday on Monday as sterling slumped amid fears of a no-deal Brexit.
London stocks had shaken off early losses to trade higher by midday on Friday despite a tech-led sell ff on Wall Street and weakness in the UK housebuilding sector, as investors eyed the latest US non-farm payrolls report.
London stocks were still on the front foot by midday on Thursday - albeit lagging their European peers - as investors mulled over the latest reading on the UK services sector.
London stocks were still firmly in the black by midday on Wednesday, with housebuilders pacing the gains following well-received results from Barratt Developments and an upbeat survey from Nationwide.
London stocks had fallen further into the red by midday on Tuesday, bucking the broader trend in equity markets and dragged lower by a stronger pound despite encouraging Chinese and UK manufacturing data.
Stocks are little changed going into the Bank holiday, weighed down by a sharp move higher in sterling.
London stocks were still a little lower by midday on Thursday as investors eyed a key speech by Federal Reserve chairman Jerome Powell at the Jackson Hole symposium.