FTSE 100 rises despite weak China data and slips in London stocks.
TL;DR
China's trade data for May showed a bigger-than-expected drop in exports, fueling speculation of policy stimulus measures from Beijing. The Reserve Bank of Australia's surprise rate hike and hawkish messaging on Tuesday continue to reverberate, raising speculation that the Bank of Canada might similarly defy poll forecasts by resuming rate hikes later on Wednesday. Bitcoin reversed much of Tuesday's sharp drop on a flight to quality in the crypto space following a widening U.S. crackdown on exchanges and smaller coins.
- Morning Bid: China disappoints again, fanning speculation on stimulus Reuters
- FTSE 100 settles comfortably above 7,600 after quiet trading day Proactive Investors UK
- FTSE 100 close: London index retraces losses on softer pound City A.M.
- London stocks slip on weak China data; homebuilders drop Reuters
- UK's FTSE 100 rises against weaker pound; BATS gains By Reuters Investing.com UK
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