Market Report - Midday
Shares prices had gone flat by midday tracking the move deeper into the red by US equity futures.
London shares were holding higher, boosted by a raft of updates including from StanChart, Unilever and St. James's Place, even as investors waited on a preliminary reading on US first quarter domestic product growth.
Stocks are extending their gains even as investors wait on the Federal Reserve's policy decision.
Stocks were trading slightly lower in early trading despite better-than-expected results out of BP and HSBC.
Stocks have turned around to trade higher after the head of the European Commission signaled that the European Union may open its borders to non-essential travel from the US by summer.
Stocks are holding lower at the end of the week despite very positive news out on the UK economy, after Bloomberg reported that Democrats on Capitol Hill want to double the US capital gains tax to nearly 39. 6%.
London's top-flight index was hugging the flatline come midday, ahead of the European Central Bank's policy decision, the main risk event of the day, with investors especially focused on anything that it might have to say on the possible exit of its Pandemic Emergency Purchase Programme.
Stocks are holding modestly higher come midday despite the drag on investor sentiment due to the rising numbers of Covid-19 infections outside of Europe, particularly in Japan and India.
Stocks had lurched clearly lower come midday, dragged down by heavy losses in tobacco makers' shares following a Wall Street Journal report that the US administration was mulling capping the level of nicotine in cigarettes.
Stocks are holding slightly higher come midday as investors bid their time ahead of the release of a raft of key economic surveys at the end of the week and their potential impact on bond markets.
London stocks were in the black by midday on Friday, with the FTSE 100 trading above 7,000 for the first time since February 2020 as investors mulled encouraging Chinese growth figures.
London stocks were still in the black by midday on Thursday, supported by a solid showing in the mining sector as investors turned their attention to earnings.
London stocks had ticked a little higher by midday on Wednesday but gains were unspectacular as investors continued to fret about the vaccine rollout in Europe after the Johnson & Johnson jab was suspended due to blood clot concerns.
London stocks had pared earlier small losses to trade flat by midday on Tuesday as investors mulled a slightly weaker-than-expected UK GDP reading and looked ahead to the release of US inflation data.
London stocks were off earlier lows but still in the red by midday on Monday even as England’s economy began to open up again after the third national lockdown, with investors cautious ahead of the US earnings season.
London stocks had pared earlier losses to trade flat by midday on Friday as the recent rally lost steam, but the FTSE 100 was still on course for its best week since early January.
London stocks were up but off earlier highs by midday on Thursday, after the FTSE 100 hit its best level since the pandemic following dovish minutes from the US Federal Reserve.
London stocks were still firmly in the black by midday on Wednesday, with sentiment underpinned by recovery hopes and an encouraging reading on the services sector.
London equity markets were firmly in the black by midday on Tuesday following a record session on Wall Street, with reopening stocks on the front foot.
London stocks were still in the black by midday on Thursday, with sentiment underpinned by US President Joe Biden’s $2trn infrastructure plan, a profit upgrade from Next and encouraging manufacturing data.