London stock market opens higher after delay | Fin24
 
  • Load Shedding Schedules

    Find information for Johannesburg, Durban, Cape Town and other cities.

  • State Wage Bill

    Budget 2020 | Treasury announces three-year R160bn proposal to cut state wage bill.

  • Debt-ridden

    Eskom is cursed with no good choices as it continues to struggle for survival.

Loading...

London stock market opens higher after delay

Aug 16 2019 12:01

London's FTSE 100 shares index rebounded when it finally opened on Friday after a delay caused by an unspecified trading issue.

The benchmark index jumped 0.7% to 7 113.44 points when it finally opened at 0840 GMT, 100 minutes after its expected start.

Eurozone stock markets also recovered Friday, with Frankfurt's DAX 30 up 1.1% to 11 534.66 points as the FTSE opened, while the Paris CAC 40 was showing a gain of 0.9% at 5 285.73.

The London Stock Exchange Group said it had been "investigating a potential trading services issue" that prevented the FTSE 100 and second-tier FTSE 250 indices from opening on time at 09:00.

The FTSE 250 gained 0.4% when it finally began trading at 10:35.

Such events are rare, with the last such delayed start in June last year, when the FTSE opened one hour late owing to a glitch.

World stock markets have endured another volatile week as US-Chian trade talk hopes fade and following economic data that pointed to a possible global recession.


equities  |  markets
NEXT ON FIN24X

 
 
 
 

Company Snapshot

#BUDGET2020

Cuts to the public sector wage bill took centre stage at this year's Budget
 

Voting Booth

Do you support a reduction in the public sector wage bill?

Previous results · Suggest a vote

Loading...