FTSE 100 LIVE: London stocks expected to drop today despite hopes of economic recovery

FTSE 100 LIVE: London stocks expected to drop today despite hopes of economic recovery

Japan’s Topix index rose 0.5 percent this morning, while Hong Kong’s Hang Seng added 0.6 percent. China’s CSI 300 index of Shanghai- and Shenzhen-listed stocks increased 0.9 per cent. However, Australia’s stock market was closed for a public holiday.

The FT reported that global stocks were given a boost as Chinese figures showed exports got smaller by just 3.3 percent in May in dollar terms.

And imports fell by more than expected over weak local demand.

Futures markets tipped Wall Street’s S&P 500 to rise 0.1 percent when trading begins later in the day.

London’s FTSE 100 was expected to drop 0.4 per cent. 

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Published at Mon, 08 Jun 2020 04:46:00 +0000