London’s FTSE 100 closed flat on Tuesday for the second day as concerns over rising Covid cases mounted and bank stocks fell after trading higher for most of the session.
The blue chip index closed 0.7 points lower at 7,124 with financial services firm Natwest Group the big loser, while energy major BP also trailed the index. Travel inventories fell 1%.
Bank stocks rose 2% before losing gains as the Bank of England removed pandemic restrictions on dividend payments to shareholders in commercial banking, following in the footsteps of the US Federal Reserve.
The domestically focused FTSE 250 also ended with moderate gains just 0.1% higher, with retailer Howden Joinery Group hitting record highs after a bullish earnings update.
Meanwhile, in the rest of Europe, the French CAC lost 0.4% while the German DAX was also stable.
US stocks also ended lower on Tuesday with the biggest rise in inflation in 13 years, but strong second-quarter results from major banks helped contain losses. At the close of the NYSE, the Dow Jones Industrial Average lost 0.3%, while the S&P 500 Index also lost 0.3% and the Nasdaq Composite Index fell 0.4%.
Asian stocks opened mixed follow-up from their global peers on Wednesday. Japan’s Nikkei is down 0.2% at noon, while Hong Kong’s Hang Seng is down 0.6%. The Shanghai Composite lost 0.8% at mid-session.
Indian indices also had a lower start reflecting global sentiment as Sensex lost 73 points to 52,696 and Nity fell below 15,800. All eyes are on the IPO of the Indian delivery company. Zomato Food Market, India’s biggest this year, set to open on Wednesday.
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Source: www.independent.co.uk
This notice was published: 2021-07-14 04:54:01
