FTSE 100 ends flat, Sensex is trading lower as Asian markets slow to open Business News

London’s FTSE 100 closed flat on Wednesday, entering red territory and down nearly three points.

The UK’s highest stock index finished a shade down at 7026, while the mid-cap FTSE 250 rose, ending the midweek session up more than 201 points, or 0 , 90%, at 22,640.

Shares of vaccine maker AstraZeneca fell 0.75% after the European Union told a court the drug company would have to pay multi-million euro daily fines if it fails to deliver the vaccines Covid-19 on time.

US stocks closed higher on Wednesday as inflation fears subsided. The S&P 500 rose 0.2% to 4,196 after Tuesday’s drop, the Dow Jones Industrial Average rose less than 0.1% to 34,323 and the Nasdaq composite added 0.6% to 13,738.

Asia-Pacific equities on Thursday morning saw a muted opening as investors anticipate the release of Chinese industrial earnings data for April. The Nikkei 225 in Japan slipped nearly 0.4% at noon. In South Korea, the Kospi hovered above the flat line and fell 0.2% around noon. Australia’s S & P / ASX 200 was also stable, but traded 0.2 percent higher.

The Shanghai Composite rallied after starting in the red and traded around 0.1% higher. The largest MSCI index of Asia-Pacific stocks outside of Japan was stable.

Indian indices were trading slightly lower on Thursday, a day of the May Series M&O expiration, dragged down by banking, financials and consumer stocks. However, gains in IT stocks capped some losses. BSE Sensex dropped 51,000 while the larger Nifty 50 index fell below the crucial 15,300.

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This notice was published: 2021-05-27 05:42:38