Market Report - Midday
London midday: Stocks in the black as housebuilders bounce back
London stocks were still in the black by midday on Friday, with recently-battered housebuilders pacing the advance, as the latest GDP figures showed the UK is not yet in a recession.
London midday: FTSE slumps, bond yields rise again
London stocks were firmly in the red by midday on Thursday, while government bond yields were rising again as investors continued to fret about the implications of last week’s mini-budget, and the Bank of England’s bond market intervention.
London midday: FTSE pares losses, gilt yields fall as BoE intervenes in bond markets
London stocks had pared losses and bonds were rallying by midday on Wednesday after the Bank of England stepped in to stabilise the gilt market.
London midday: Stocks slip into the red as housebuilders slump
London stocks had slipped into the red by midday on Tuesday, with housebuilders under the cosh, while sterling regained some poise after hitting an all-time low versus the dollar a day earlier.
London midday: Stocks turn lower as sterling slides under $1.04
London stocks had slumped into the red by midday on Monday, while sterling fell to an all-time low against the dollar amid concerns the swathe of tax cuts announced by chancellor Kwasi Kwarteng last week will do little to boost growth and will instead add to inflation.
London midday: FTSE slumps, government bonds hammered after mini-budget
London stocks were sharply lower by midday on Monday, sterling hit a fresh 37-year low against the dollar and gilt yields surged after Chancellor Kwasi Kwarteng announced a swathe of tax cuts, the likes of which have not been seen since Thatcher was in Number 10.
London midday: FTSE maintains modest losses as BoE hikes rates by 50 basis points
London stocks were still a little lower by midday on Thursday after the Bank of England lifted interest rates by 50 basis points, and as investors continued to digest another big rate hike from the US Federal Reserve.
London midday: Stocks gain as housebuilders rally; Fed announcement eyed
London stocks were firmly in the black by midday on Wednesday, underpinned by strength in the housebuilding sector, as investors braced for another big rate hike by the US Federal Reserve.
London midday: Stocks turn lower after Riksbank rate hike
London stocks had turned lower by midday on Tuesday after Sweden’s central bank announced its biggest rate hike in nearly three decades, heightening expectations of big moves from the US Federal Reserve and the Bank of England this week.
London midday: Stocks mixed as pound revisits 'Black Wednesday' lows
Stocks were trading mixed alongside a drop in the pound to its lowest level in 30 years on 'Black Wednesday', when the UK crashed out of the European Exchange Rate Mechanism on 16 September 1992.
London midday: Stocks off highs as investors eye US retail sales
London stocks were still up but off earlier highs by midday on Thursday, recovering from heavy losses a day earlier, as investors eyed the latest US retail sales data.
London midday: Stocks in the red after inflation data
London stocks were still in the red by midday on Wednesday as investors continued to fret over a hotter-than-expected US inflation print, with the latest UK CPI data also in focus.
London midday: Stocks turn up but gains muted ahead of US inflation data
London stocks had popped higher by midday on Tuesday but gains were muted as investors mulled the latest UK jobs data and looked ahead to the release of US inflation figures.
London midday: FTSE extends gains as miners rally; GDP data in focus
London stocks had extended gains by midday on Monday thanks to a strong showing in the mining sector, as investors mulled weaker-than-expected UK GDP data.
London midday: FTSE extends gain as miners rally after China data
London stocks had extended gains by midday on Friday, with miners pacing the advance after data revealed a slowdown in Chinese inflation.
London midday: Stocks maintain small gains as Truss unveils energy package
London stocks were still a little firmer by midday Thursday as new prime minister Liz Truss announced details of an energy bill support package.
London midday: FTSE lower as China data adds to recession fears
London stocks were off lows but still in the red by midday on Wednesday as disappointing Chinese trade data dented sentiment.
London midday: FTSE, sterling maintain gains amid energy bills freeze hopes
London stocks were still in the black by midday as sterling was boosted by news that Liz Truss is planning to freeze energy bills.
London midday: Stocks stay down ahead of UK PM announcement
London stocks were still down by midday on Monday as gas prices surged after Russia indefinitely suspended gas flows through the Nord Stream 1 pipeline to Germany, and as investors waited to find out who will be the next UK prime minister.
London midday: FTSE ticks a little higher ahead of payrolls
London stocks had pushed a little further into the black by midday on Friday following heavy losses in the previous session, as investors awaited the latest US non-farm payrolls report.