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London open: Stocks rally on hopes of China stimulus after weak PMIs London stocks rallied on Thursday after weak Chinese manufacturing data spurred hopes of further stimulus. The government’s official purchasing managers’ index on China manufacturing rose unexpectedly to 49.8 in September from 49.7 August. However, it remained under the 50 level that separates contraction […]

London open: Stocks rise as Sainsbury’s and Glencore rally UK stocks rose on Wednesday, as a positive trading update from J Sainsbury lifted supermarket stocks. J Sainsbury topped the FTSE 100 after saying it expected full-year underlying pre-tax profit to be moderately ahead of its £548m forecast ,as it reported a 0.3% increase in second-quarter […]

London open: Stocks fall amid China concerns UK stocks fell for a second day on Tuesday amid concerns about China and low commodity prices. A report on Monday showing an 8.8% fall in Chinese industrial profits, added to woes about the nation’s slowdown. The market is now awaiting the release of manufacturing and services data […]

London open: Stocks decline after more weak Chinese data London stocks declined on Monday as concerns on China’s flagging economy grew on the back of more weak economic data. China’s industrial profits fell 8.8% in August compared to a year ago, following a 2.9% drop in July, according to the National Bureau of Statistics. The bureau […]

London open: Stocks rise after Fed’s Yellen says rates will rise this year UK stocks gained after Federal Reserve chair Janet Yellen said an increase in interest rates is likely to happen this year. Yellen said she expects inflation to return to the Fed’s 2% target over the next few years and that weak growth […]

London open: Stocks drop ahead of US data, Yellen speech The FTSE opened in the red on Thursday ahead of a slate of US data that may provide clues on the first interest rate hike in almost a decade. A Commerce Department report at 1330 BST on US durable goods orders is forecast to show […]