Market Report - Midday
London stocks had slipped below the waterline by midday on Tuesday, as investors continued to digest the latest developments around the spreading global outbreak of the Covid-19 strain of coronavirus.
London stocks took a beating on Monday, with the top-flight index down more than 3% by midday as global markets were roiled by growing concerns of a coronavirus pandemic.
Stocks were little changed come midday, having started the morning lower, despite another increase in coronavirus cases in South Korea and data showing that companies across the UK and the Continent were facing increasing difficulties in keeping their supply chains properly stocked with inputs.
London stocks were little changed by midday on Thursday as worries about the coronavirus crept in, although there was some good news in the form of stronger-than-expected retail sales figures.
London stocks were still firmly in the green by midday on Wednesday as concerns about the coronavirus eased and as investors mulled news that UK inflation hit a six-month high in January.
London stocks had fallen further into the red by midday on Tuesday, dragged lower by a stronger pound, as a revenue warning from tech giant Apple sparked concerns about the impact of the coronavirus outbreak.
London stocks were still higher by midday on Monday as investors welcomed signs that Chinese authorities are prepared to boost stimulus measures to support the virus-hit economy.
Stocks have recovered from an early dip after the World Health Organisation said overnight that the spike in coronavirus cases in China on Thursday are not new infections.
London stocks had extended losses by midday on Thursday amid renewed concerns about the coronavirus, as investors also digested a Cabinet reshuffle.
London stocks were still in the green by midday on Wednesday, with miners pacing the advance as investors took comfort from signs that the coronavirus spread may be slowing.
London stocks were still firmly in the green by midday on Tuesday as investors mulled the latest UK GDP figures, with well-received updates from the likes of TUI lending a hand.
London stocks were still a little weaker by midday on Monday amid ongoing concerns about the spread of the coronavirus, as the UK declared it a "serious and imminent threat" to the public.
London stocks had fallen further into the red by midday on Friday as investors eyed the release of the latest non-farm payrolls report and continued to consider the impact of the coronavirus.
London stocks were off earlier but still in the green by midday on Thursday, with sentiment underpinned by China’s plans to cut tariffs on $75bn of US goods.
London stocks were in the green but off earlier highs by midday on Wednesday, as traders weighed up reports of a breakthrough in the fight against coronavirus against insistence from the World Health Organisation that there is no known treatment for the deadly outbreak.
London stocks were still firmly in the green by midday on Tuesday as BP rallied on the back of well-received results, while miners also put in a strong performance.
London stocks were in the green by midday on Monday as sterling tumbled amid worries about a hard Brexit.
London stocks had fallen further into the red by midday on Brexit day as two UK cases of coronavirus were confirmed, adding to concerns about the spread of the deadly infection.
London stocks were still weaker by midday on Thursday as the pound rallied after the Bank of England left interest rates unchanged, with worries about the spread of the coronavirus denting risk appetite.
London stocks had pared gained to trade just a touch higher by midday on Wednesday as investors eyed the latest policy announcement from the Federal Reserve.