This website londonlovesbusiness.com/markets-rally-as-us-governments-stimulus-efforts-pay-off/ is currently offline. Cloudflare's Always Online™ shows a snapshot of this web page from the Internet Archive's Wayback Machine. To check for the live version, click Refresh.

Markets rally as US government’s stimulus efforts pay off

by LLB Editor July 28, 2020

written by LLB Editor 28^th Jul 20 9:20 am

Stocks pushed ahead on Tuesday amid progress with new US government stimulus efforts, including a 0.7% rise in the FTSE 100 to 6,149. Hong Kong’s Hang Seng jumped by the same amount, while Madrid’s IBEX 35 reversed yesterday’s decline with a 0.6% advance,” says Russ Mould, investment director at AJ Bell.

“The gold price briefly hit $1,980 per ounce before easing back to $1,936. Brent Crude oil traded 0.5% higher at $43.66 per barrel.

“On the UK stock market, energy and tech stocks led the way, following by a good showing from consumer cyclicals and utilities. After recently rallying amid strong precious metal prices, miner Fresnillo was the biggest FTSE 100 faller after publishing half-year results.

“Shares in grocery sellers including Marks & Spencer, Morrisons and Ocado shrugged off news that Amazon Prime customers will be eligible for free grocery deliveries in London and the South East from today.”