Most emerging market (EM) currencies made small moves on Monday as surging number of coronavirus cases kept risk appetite muted ahead of a slew of emerging market central bank meetings this week, with focus also on a European recovery fund plan.
London-listed stocks snapped two straight sessions of gains on Tuesday as fears of another wave of the COVID-19 pandemic overshadowed signs of a tentative economic recovery in May.
The blue-chip FTSE 100 was up 1.3%, with fewer than 10 stocks in the red in early trading, while the mid-cap FTSE 250 added 1.0%, led by the auto, personal goods and mining sectors.
Delivering a mini-budget to parliament, finance minister Rishi Sunak's announced measures including bonuses to companies retaining staff and taking on apprentices, investment in 'green' jobs and even allowing the whole country to enjoy discounted meals in restaurants.
The London Stock Exchange (LSE) said on Friday it may consider selling part or all of its Italian stock exchange group (Milan bourse) to help get its planned $27 billion takeover of data and analytics group Refinitiv approved in Europe.
The blue-chip FTSE 100 and the mid-cap FTSE 250 fell 0.2% each, with banks, insurers and real estate stocks leading the declines.
The miner fell 4.6% as it also booked a $3.2 billion impairment charge, driving the FTSE 100 down 1.2%.
The blue-chip FTSE 100 was down 0.1%, The mid-cap FTSE 250 dipped 0.3%, with losses in industrial, energy and tech-related stocks.
Garment workers supplying global fashion brands have been underpaid or not paid at all during the coronavirus crisis, with lost wages potentially amounting to nearly $6 billion, researchers said on Tuesday.