London Markets: London stocks bounce, but set for biggest weekly loss since the financial crisis [MarketWatch]
Rio Tinto Plc (RIO)
US:NYSE Investor Relations:
riotinto.com/investors-87.aspx
Company Research
Source: MarketWatch
London stocks bounce, but set for biggest weekly loss since the financial crisis London stocks were headed for the worst weekly performance since the 2008 Great Financial Crisis, even as they clawed back a fraction of some lost territory on Friday. The FTSE 100 index UKX, +1.44% was looking at an 18% weekly loss, the biggest since a 21% drop in October 2008, as markets slumped this week, specifically Thursday on fears governments were not doing enough to stop the coronavirus epidemic wrecking global economies. The index rose 1.4% to 5,311.76 on Friday, while the pound slid 0.7% to $1.2480 as investors continued to seek shelter in the U.S. dollar. “Improved Chinese coronavirus data is helping boost sentiment for the commodity-heavy FTSE 100. However, with much of Europe likely to go on lockdown, travel stocks remain in the firing line,” said Joshua Mahony, senior market analyst at IG, in a note to clients. Among miners, shares of Rio Tinto PLC RIO, +8.81% and BHP Group PLC BHP,
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Sec Filings
- 10/9/24 - Form DEFA14A
- 10/9/24 - Form DEFA14A
- 10/2/24 - Form 6-K
- RIO's page on the SEC website