Morning Markets: FTSE stalls as Election call looms

clock

The FTSE 100 was marginally up in early trading, by 0.06% or 3.41 points to 5,748, only a few hours before the Prime Minister Gordon Brown is expected to call a General Election for 6 May.

Miners were among early morning risers. Leading the pack, Xstrata rose 1.62% to £13.21. Other winners include Admiral Group which advanced 1.2% to £13.48, while SEGRO was up 1.04% to 321.3p. The morning's losers included Petrofac, diving 6.07% to £12.08, while BAE Systems dropped 2.01% to 366.3p. Overnight on Wall Street, the Dow Jones edged closer to the 11,000 mark, bolstered by positive economic news. The benchmark closed up 0.43% or 46.48 points to 10,973, after a recent jobs report showed the best growth in employment for three years and a rise in home sales data. In Asia, ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Partner Insight: What are the implications of policies of the Trump Administration on EMD?

Partner Insight: What are the implications of policies of the Trump Administration on EMD?

Matthew Murphy, Institutional Portfolio Manager of the Emerging Markets Team at Morgan Stanley Investment Management (MSIM), shared his view on the implications of the policies introduced by the Trump Administration for emerging market debt (EMD). Murphy then explained the firm’s approach to the EMD segment.

Matthew Murphy, Institutional Portfolio Manager of the Emerging Markets Team at Morgan Stanley Investment Management (MSIM)
clock 12 June 2025 • 7 min read
US-China trade talks progress pending framework approval from Trump and Xi

US-China trade talks progress pending framework approval from Trump and Xi

Following London meetings

Linus Uhlig
clock 11 June 2025 • 1 min read
UK wage growth hits 5.2% in the three months to April as unemployment ticks up

UK wage growth hits 5.2% in the three months to April as unemployment ticks up

LFS credibility still uncertain

Linus Uhlig
clock 10 June 2025 • 2 min read
Trustpilot