Surging Covid-19 cases, US-China tensions keep London stocks muted | Malay Mail

📆 2020/08/08 1:52:00
📰 malaymail

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LONDON, Aug 7 — Trading in London-listed shares was subdued today as rising Covid-19 cases and US-China tensions dented sentiment at the end of a week marked by largely upbeat quarterly earnings and improving economic data. The blue-chip FTSE 100 was up just 0.1 per cent, with Hikma...

An entrance to a Marks and Spencer store is pictured at the Oxford Street, in London July 2, 2020. — Reuters

The mid-cap FTSE 250 dipped 0.1 per cent, with focus turning to the monthly US employment — or nonfarm payrolls — report after weekly data yesterday signalled a slowdown in the labour market’s recovery. UK stock markets have tried to climb in August after a rally stalled in July due to the jump in coronavirus infections, but investors are cautious amid forecasts that the UK economy will take longer than expected to return to its pre-pandemic size.

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