(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 up 1.6%, FTSE 250 up 1.3%
May 5 (Reuters) - UK stock markets headed higher on Tuesday
as investors counted on a revival in economic activity with
several countries lifting coronavirus-induced restrictions,
while energy stocks tracked a jump in oil prices.
The blue-chip FTSE 100 .FTSE was up 1.6%, with BP Plc
BP.L and Royal Dutch Shell Plc RDSa.L providing the biggest
boost, while the domestically focussed FTSE 250 .FTMC added
1.3%.
Both benchmark indexes were set to snap a three-day losing
streak, supported by broad-based gains for miners .FTNMX1770 ,
banks .FTNMX8350 , and travel and leisure stocks .FTNMX5750 ,
as hard-hit countries including the United States and Italy
relaxed stay-at-home orders. UK Prime Minister Boris Johnson is expected to review a
nationwide shutdown this week, with a report saying the
government will recommend sweeping changes to workplaces to
avoid a second wave of infections. Meanwhile, in another sign of the economic damage from the
COVID-19 pandemic, low-cost airlines Ryanair RYA.L and Wizz
Air WIZZ.L reported a near total wipeout in passenger numbers
in April, but their shares rose 3.1% and 0.3%, respectively,
after Wizz Air said it expected its figures to improve in May.
- English (USA)
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
London stocks gain as economies reopen from lockdown
Published 05/05/2020, 08:13
Updated 05/05/2020, 08:18
London stocks gain as economies reopen from lockdown
Latest comments
Install Our App
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.
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.