The benchmark FTSE 100 index declined 0.5% in morning trade, diverging from its Asian peers, while the domestically focussed mid-cap index fell 0.7%. Bank of England (BoE) Governor Andrew Bailey said on Wednesday that the economic impact from COVID-19 still remains strong, while noting the inflationary pressure from supply chain …
Read More »Brexit tensions weigh on Europe, tech stocks slide
* UK ramps up no-deal preparations as EU trade talks stall * German exports rise in July but remain below pre-crisis levels * Technology leads sectoral declines, defensives rise * French electricity giant EDF sinks as output falls Sept 8 (Reuters) – European shares fell on Tuesday on fears that …
Read More »UK stocks slip as virus fears quell risk appetite
The FTSE 100 slipped 0.4% and marked its second consecutive week in the red after an uptick in new cases of the virus in China and South Korea hit stocks more exposed to commodity prices, including oil majors and miners <.FTNMX1770>. “Perhaps the reality of the situation is starting to …
Read More »