London stocks uncertain after Asian markets rally
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Stocks traded in a narrow range in London early Wednesday, staging an opening rally, falling back but then reversing to make small gains, following an overnight rally in Asian markets.
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Stocks in Europe fell for a second day Thursday over concerns that a five-month rally may have run its course, while shares in Asia jumped to record levels.
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Leading shares closed weaker, off session lows as Wall Street rallied from early falls, with some disappointing earnings news weighing in London.
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London stocks moved higher on Tuesday as surprisingly weak UK inflation data raised hopes that interest rate cuts were still on the agenda.
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London equities fell on Tuesday, ending a four-sesison rally as banking stocks handed back a portion of their gains during their recent strong run.
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Stocks had an uneven week after glum economic data and the turmoil in Pakistan led to sell-offs.
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Global stock markets slip on fears about China, with the UK's FTSE 100 posting its biggest drop in nine months.
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London equities had a wild session on Friday with miners benefiting from fresh bid speculation, but further turbulence in the financial sector cast a shadow over sentiment.
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London equities bounced back in opening trade on Monday, with parts of the market looking undervalued after the steep sell-off toward the end of the previous session.
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HONG KONG/SINGAPORE  - Asian financial markets were roiled on Wednesday by the widening damage caused by the U.S. subprime mortgage sector meltdown, with investors fearing more negative surprises will emerge in the region.
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An early tumble gave way to a rally on Wall Street on Monday, as investors shrugged off heavy losses in the Asian markets.
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Global equities put in mixed performances yesterday as US investors booked profits following last week's strong gains but Asian markets rallied in response to Friday's burst of corporate takeover activity.
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Asian stock markets were  slammed on Wednesday by the widening damage caused by the U.S.  subprime mortgage sector meltdown, with investors fearing more  negative surprises will emerge in the region.
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Asian shares struggled to break above  the flat line on Friday as dour economic reports in Japan and  South Korea followed lackluster trading in U.S. markets to cap  gains.
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European stock markets showed mixed fortunes in early deals, with London reversing initial gains and Frankfurt trading at a 29-month high point, following a strong overnight showing on Wall Street.
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Asian share markets on Wednesday  tracked heavy losses on Wall Street on fears about an  intensifying crisis in U.S. mortgage lending, spooking  investors nursing losses from a sharp sell-off two weeks ago.
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London shares traded sharply lower on Wednesday as investors cautiously awaited Fed Chairman Ben Bernanke&#39;s semi-annual testimony to Congress and Tate &amp; Lyle led FTSE fallers after posting flat profits.