London's FTSE 100 rebounded in tandem with global markets on Wednesday as housebuilders advanced after HSBC upgraded its view on the stocks ahead of the first batch of results next week, while the number of new coronavirus cases in China fell.
The blue-chip index added 0.9%, with a sub-index of housebuilders hitting a record high. The FTSE 250 gained 0.4%, helped by a 7% jump in Hochschild Mining after it reported 2019 results and targets for 2020.
Both British benchmarks were coming off losses in the previous session due to a revenue warning from Apple that stoked fears over the economic fallout of the coronavirus outbreak.
31 Mar 2020 05:26 PM
India Bonds Log Best FY In 17 On Rate Cuts, Unconventional Tools
31 Mar 2020 04:26 PM
Indian shares closed higher on Tuesday, tracking broader Asian markets, but recorded their worst monthly and yearly performance in over a decade as the country grappled with disruption caused by the fast-spreading coronavirus.
31 Mar 2020 03:57 PM
The pound fell against the dollar on Tuesday as the U.S. currency gained strength due to its safe-haven properties amid the spread of the coronavirus.
31 Mar 2020 03:17 PM
UK shares rose on Tuesday as a recovery in oil prices and a surprise expansion in Chinese factory activity revived confidence in equity markets amid a deep selloff this month that set the FTSE 100 on course for its worst quarter since 1987.
31 Mar 2020 02:10 PM
The dollar rose against the yen on Tuesday amid fiscal year-end demand by Japanese companies and the Chinese yuan stood firm after a survey showed manufacturing returned to growth in March.
31 Mar 2020 01:04 PM
The Indian rupee stayed higher at 75.43/75.44 to the dollar in Mumbai against 75.61/75.62 in the previous session, as regional risk aversion eased after better-than-expected China manufacturing data and as local equities extended gains.