Go to http://www.cityindex.co.uk/market-analysis/ for more trading insights. Stuart Jackson of City Index brings you the key activity shaping the markets on 26th July, including news of a flat day for the FTSE.
Headlines include:
- FTSE flat at present as some decent results from miners and energy stocks have offset ongoing concerns over sovereign debt.
- UK second quarter GDP came in at 0.2%, which was marginally above some analysts' predictions.
- On the FTSE, BP dropped 2% on the open while elsewhere BG Group gained 3 percent.
- BP's underlying results fell short of forecasts, while BG Group posted a 27 percent year-on-year jump in profit in the second quarter.
- US July consumer confidence is due out at 3pm, with an expected decline forecast, as compared to the previous month's figure.
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