🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

London stocks dip on faltering China data; easyJet slumps

Published 14/08/2020, 08:11
© Reuters.
UK100
-
EZJ
-
FTMC
-
FTNMX502010
-
FTNMX301010
-
FTNMX601010
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 down 0.4%, FTSE 250 off 0.5%

Aug 14 (Reuters) - London-listed shares retreated on Friday
as a surprise dip in Chinese retail sales dashed hopes for a
swift post-pandemic recovery, taking the shine off a strong week
of stock market gains that were powered by bets of more
stimulus.
The blue-chip FTSE 100 .FTSE was down 0.4%, with investors
also treading water ahead of a weekend meeting between Chinese
and U.S. officials to review progress on their Phase 1 trade
pact. MKTS/GLOB
The mid-cap FTSE 250 .FTMC was off 0.5%, led by a 1.5%
decline for travel stocks as the UK moved to quarantine
travellers from France, the Netherlands, Malta and three other
countries due to the surge in COVID-19 cases. Banks .FTNMX8350 , energy .FTNMX0530 and aero-related
.FTNMX2710 stocks also pulled back after leading gains all
week.
Airline easyJet Plc EZJ.L slumped 6.5% as the company said
it would continue to assess further funding opportunities after
raising an extra $266 million from the sale and leaseback of
aircraft.

Latest comments

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.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.