Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

London stocks jump after worst day in more than three decades

Published 03/13/2020, 04:33 PM
Updated 03/13/2020, 04:40 PM
© Reuters.  London stocks jump after worst day in more than three decades
UK100
-
BP
-
SHEL
-
RIO
-
AAL
-
FTMC
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 up 3%, FTSE 250 up 1.4%
* Miners and oil lead gains on main index

March 13 (Reuters) - London stocks rebounded on Friday from
their worst day in more than three decades as a recovery in oil
prices and fresh moves by policymakers to tackle the economic
impact of the coronavirus outbreak lifted sentiment.
The commodity-heavy index .FTSE rose 3%, while the
domestically focussed FTSE mid-cap index .FTMC was up 1.4% on
the back of a 10% jump for miners, and oil and gas companies.
BP Plc BP.L and Royal Dutch Shell Plc RDSa.L rose
between 6% and 7%, tracking higher oil prices. O/R
Miners Rio Tinto RIO.L , BHP group BHP.L and Anglo
American AAL.L jumped more than 11% and were the biggest
gainers on the main index.
Central banks from the United States to Australia pumped
liquidity into their financial systems and hopes of a U.S.
stimulus package helped the mood on Friday even as the virus
outbreak infected almost 135,000 and killed more than 4,900
worldwide.

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.