🤯 Have you seen our AI stock pickers’ 2024 results? 84.62%! Grab November’s list now.Pick Stocks with AI

London shares dip as surging virus cases dim rebound hopes

Published 08/07/2020, 08:23
Updated 08/07/2020, 08:24
© Reuters.
UK100
-
HSBA
-
FGP
-
FTMC
-
FTNMX301010
-
FTNMX601010
-
FTNMX401010
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 down 0.6%, FTSE 250 off 0.4%

July 8 (Reuters) - London-listed shares slid for a second
straight day on Wednesday as another jump in global cases of the
novel coronavirus clouded hopes for an economic rebound in the
second half of the year, while FirstGroup tumbled on flagging
going concern doubts.
The bus and rail operator FGP.L fell 4.7% after it also
posted an annual operating loss as passenger volumes plummeted
due to the health crisis. The blue-chip FTSE 100 .FTSE was off 0.6% and the mid-cap
FTSE 250 .FTMC 0.4%, with banks .FTNMX8350 , energy
.FTNMX0530 and auto .FTNMX3350 stocks among the biggest
decliners in early trading.
All eyes later in the day will be on finance minister's
Rishi Sunak's statement where he is expected to announce a new
scheme to stave off youth unemployment as he attempts to
revitalise the economy following its COVID-19 lockdown.
HSBC HSBA.L fell 3.5% to the bottom of the FTSE 100 after
a report said U.S. President Donald Trump's top advisers weighed
proposals to undermine the Hong Kong currency's peg to the U.S.
dollar. The proposal could possibly limit the ability of Hong
Kong banks to buy dollars.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.