London stocks closed lower overnight (July 30) on the pressure of falling mining stocks. Amid concerns that the number of people infected with COVID-19 The increase in the world may affect economic expansion.
The FTSE 100 index closed at 7,032.30 points, down 46.12 points or -0.65%.
The FTSE100 index closed 0.07% lower in July after five straight months of gains. Banking, oil and personal goods stocks declined. which has overshadowed the rise of insurance stocks, real estate groups and home construction group
The market is still under pressure. Because investors are concerned that Rising inflation could prompt the Bank of England to withdraw its monetary support measures. As the number of COVID-19 infections rising in the country And the uncertainty about future earnings growth of British listed companies has also dampened the market.
Mining and travel stocks led the market lower, with British Airways-owned IAG tumbling 7.5 percent after it said. The company is cautious about the outlook for aviation business recovery, but said passenger capacity this summer would increase to 45%.
Shares of Natwest fell 1.2 percent as the company ramped up its dividend payout to shareholders as its business resumed profitability.