|Day's Range||5,888.58 - 6,015.25|
|52 Week Range||4,898.80 - 7,727.50|
The blue-chip FTSE 100 declined 0.4%, with Prudential sliding 9.3% to the bottom of the index while HSBC slipped to its lowest since 2009. "Investors may have been more focused on the continued unhelpful dialogue between the U.S. and China, hence they chose to trim some risk exposure," said Ian Williams, economics & strategy research analyst at Peel Hunt. The domestically focused FTSE 250 , nudged 0.1% higher, boosted by pub operator Marstons which surged 102.7% after saying it would combine its brewing business with Carlsberg UK.
The decision drew a warning from President Donald Trump that Washington would react "very strongly" against the attempt to gain more control over the former British colony. The U.S. Senate published a bill with bipartisan support that would sanction Chinese officials who implement the law.
The world's biggest credit data firm Experian Plc jumped 7.4% to a more-than-10-week high after it reported higher annual revenue. The blue-chip FTSE 100 gained 1.1%, after falling as much as 0.7% earlier in the day. The mid-cap FTSE 250 added 0.3%, extending its rally to a fourth day.
The domestically focussed FTSE 250 rose 0.6%, boosted by digital payments solutions provider Network which jumped 9.4% after Morgan Stanley raised its rating to "overweight" from "equal weight". The blue-chip FTSE 100 fell 0.8% after earlier jumping more than 1%. Both indexes had made their strongest gains in more than a month in the previous session, powered by positive data from an early-stage trial of a coronavirus vaccine.
The FTSE 100 closed up 4.3% after ending Friday with its first weekly slide in three. BP Plc and Royal Dutch Shell Plc gained more than 8% each, as signs of higher demand drove oil prices to a one-month high. "Currently, it's very sentiment driven because it's all about reopening and rather than closing," said Stefan Koopman, senior markets economist at Rabobank.
The commodity-heavy FTSE 100 was up 1%, with miners including Rio Tinto , Glencore and BHP Group providing the biggest boosts, while oil major Royal Dutch Shell rose 2%. The mid-cap FTSE 250 also rose 1.7% as data showed China's industrial production climbed a faster-than-expected 3.9% in April as the country returned to work after months of coronavirus-induced lockdowns. U.S. President Donald Trump said on Thursday he had no interest in speaking to his Chinese counterpart right now.
The blue-chip FTSE 100 was down 2.8%, with battered energy and travel and leisure stocks down nearly 4%. The mid-cap FTSE 250 shed 3%. The two main UK stock indexes have now given up all the gains made this month as hopes of a speedy revival in business activity were dashed after U.S. Federal Reserve Chair Jerome Powell warned of an "extended period" of weak economic growth.
The Bank of England has predicted the biggest economic slump in 300 years. The mid-cap FTSE 250 also shed 1.8%, with travel stocks plummeting again after a warning from European travel company TUI about thousands of job cuts to ride out a virtual halt in global travel. "It's now very hard to imagine a rapid 'V-shape' recovery, and we don't expect a return to pre-virus levels of activity until 2022 at the earliest," said James Smith, developed markets economist at ING.
The blue-chip FTSE 100 gained 0.5%, with Vodafone , the world's second largest mobile operator, jumping 6.3% to the top of the index after meeting full-year profit expectations and saying it was seeing significant increases in data volumes. "It's a market of two extremes: a, saying the market has run ahead of fundamentals, and b, we've got unprecedented amounts of stimulus," said Max Kettner, multi-asset strategist at HSBC Global Research. After rallying in April on historic global stimulus and hopes of a pick up in business activity, the FTSE 100 has struggled to build on its gains in May as countries such as Germany and South Korea report a surge in COVID-19 infections after easing lockdowns.
The pan-European STOXX 600 shed 0.4% after gaining nearly 1% at the open, when a post-holiday catch-up for UK shares supported markets. As the session wore on, cyclical sectors - more exposed to the health of the global economy - took a hit as investors focused on news that Germany and South Korea reported an acceleration in new coronavirus infections after steps to ease their restrictions. Russ Mould, investment director at AJ Bell, said markets were realising the end of lockdown would be quite gradual and "the V-shaped recovery will not be as fast as expected".
British Prime Minister Boris Johnson said on Sunday the lockdown will not end yet. The FTSE 100 edged 0.1% higher, giving back some gains after rising as much as 1% during the day. "When it comes to reopening the economy, there is a fear in the markets that it might be a case of one step forward and two steps backwards," said David Madden, market analyst at CMC Markets in London.