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Jan. 4, 2019, 6:14 a.m. EST

London markets push on ahead of return to Brexit

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By Emily Horton

London markets rose on Friday, the last full trading day before the U.K. parliament reopens for a fresh round of battles over Brexit.

Mining stocks and energy were performing well, but U.K. listed supermarkets have struggled.

What did markets do?

The FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX +1.62%  jumped by 1% to 6,757.52, having finished down 0.6% on Thursday. The pound /zigman2/quotes/210561263/realtime/sampled GBPUSD -0.3734%  rose to $1.2677 from $1.2634, late on Thursday in New York.

What is driving the markets?

The likelihood of a global economic slowdown has started to sink into the markets after Apple /zigman2/quotes/202934861/composite AAPL +5.39%  announced a surprise sales projection downgrade late on Wednesday. Tim Cook Apple’s /zigman2/quotes/202934861/composite AAPL +5.39% CEO attributed a sharp fall in iPhone revenue to the reduction in Chinese consumer spending. Trade negotiations between China and the U.S. are set to resume on Monday, Bloomberg News reported .

In the U.S., House Democrats passed a spending package in an attempt to reopen the federal government on Thursday night — but without funding for President Donald Trump’s controversial U.S./Mexico border wall.

The U.K. government will return from its holiday break on Monday, Jan. 7, with Brexit discussions poised to start again and reignite investor concerns the country’s exit from Europe.

British officials have called for the Royal Navy to help patrol the English Channel on Thursday, after a rise in the number of people attempting to enter the country illegally by boat, The Wall Street Journal reported .

What stocks are active?

Energy provider John Wood Group  jumped by more than 4%, topping the FTSE 100’s gainers.

Mining stocks also performed well. Antofagasta PLC /zigman2/quotes/200173667/delayed UK:ANTO +2.81% rose by just over 4%, while Glencore PLC /zigman2/quotes/201400686/delayed UK:GLEN +1.94% and Anglo America /zigman2/quotes/201381512/delayed UK:AAL +4.53%   both added 3%.

Supermarkets J Sainsbury PLC /zigman2/quotes/206038250/delayed UK:SBRY -0.88% and Wm. Morrison Supermarkets PLC /zigman2/quotes/205533138/delayed UK:MRW -0.50% both fell by just under 1%. British media company ITV PLC /zigman2/quotes/205378065/delayed UK:ITV +4.42%  also dropped by 1%.

/zigman2/quotes/210598409/delayed
UK : FTSE UK
6,588.53
+105.10 +1.62%
Volume: 692,321
March 1, 2021 4:53p
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/zigman2/quotes/210561263/realtime/sampled
US : Tullett Prebon
1.3873
-0.0052 -0.3734%
Volume: 0.0000
March 2, 2021 12:43a
loading...
/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 127.79
+6.53 +5.39%
Volume: 116.31M
March 1, 2021 4:00p
P/E Ratio
34.55
Dividend Yield
0.64%
Market Cap
$2035.72 billion
Rev. per Employee
$1.86M
loading...
/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 127.79
+6.53 +5.39%
Volume: 116.31M
March 1, 2021 4:00p
P/E Ratio
34.55
Dividend Yield
0.64%
Market Cap
$2035.72 billion
Rev. per Employee
$1.86M
loading...
/zigman2/quotes/200173667/delayed
UK : U.K.: London
1,832.50 p
+50.00 +2.81%
Volume: 1.23M
March 1, 2021 4:35p
P/E Ratio
68.05
Dividend Yield
0.52%
Market Cap
£17.57 billion
Rev. per Employee
£154,897
loading...
/zigman2/quotes/201400686/delayed
UK : U.K.: London
296.35 p
+5.65 +1.94%
Volume: 25.82M
March 1, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
2.90%
Market Cap
£38.73 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201381512/delayed
UK : U.K.: London
2,898.00 p
+125.50 +4.53%
Volume: 2.66M
March 1, 2021 4:35p
P/E Ratio
22.51
Dividend Yield
2.47%
Market Cap
£34.22 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206038250/delayed
UK : U.K.: London
224.20 p
-2.00 -0.88%
Volume: 5.49M
March 1, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
4.68%
Market Cap
£5.02 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/205533138/delayed
UK : U.K.: London
170.00 p
-0.85 -0.50%
Volume: 6.58M
March 1, 2021 4:35p
P/E Ratio
15.63
Dividend Yield
4.05%
Market Cap
£4.10 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/205378065/delayed
UK : U.K.: London
114.70 p
+4.85 +4.42%
Volume: 6.39M
March 1, 2021 4:35p
P/E Ratio
15.31
Dividend Yield
0.00%
Market Cap
£4.39 billion
Rev. per Employee
N/A
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