June 29 London shares retreated on Monday as
investors feared a second round of lockdowns with global
COVID-19 deaths crossing half a million, while a record plunge
in British private-sector activity underlined the economic toll
of the pandemic.
The pan-European STOXX 600 index recorded its best day in a month on Tuesday, joining a global rally after the prospect of historic monetary and fiscal stimulus revived hopes of an economic rebound from the COVID-19 pandemic.
UK shares ended at near three-month highs on Tuesday amid continued bets on government stimulus and easing lockdowns helping a swifter economic recovery from the coronavirus crisis.
London-listed shares ended higher on Monday as markets took heart from a scaling back of coronavirus restrictions, with consumer stocks among the best performers.
UK shares ended lower on Friday as fears of Washington's response to Beijing tightening its control over Hong Kong tempered optimism over an eventual economic recovery from the coronavirus crisis.
UK shares ended higher on Thursday, helped by drugmakers AstraZeneca and GSK as markets looked for more progress in the development of a COVID-19 vaccine, while optimism over the reopening of the economy persisted.
London-listed stocks notched up their strongest close since early March on Wednesday amid sustained hopes of an economic recovery from the coronavirus pandemic, even as unrest in Hong Kong cast some doubt over Sino-U.S. relations.
British Prime Minister Boris Johnson's plans to lift the coronavirus lockdown from more retailers drove a 1.2% rise in the blue-chip FTSE 100 on Tuesday, while an easing of curbs on tourism helped travel stocks.
UK stocks closed firmly in the red on Thursday as investors worried that a recovery from a coronavirus-led economic slump would be slower than expected even as several hard-hit countries started easing lockdowns.
London's FTSE 100 headed higher on Tuesday as a batch of upbeat quarterly earnings updates outweighed concerns about a slower economic recovery as countries balance reopening businesses with avoiding a potential jump in COVID-19 cases.