Markets flat as US-China tussle keeps investors on edge

Irish Times | Aug 4, 2020 at 7:53 PM
  • Markets were flat on Tuesday with investors kept on edge by a diplomatic tussle over Chinese tech companies operations in the US and doubts over progress of an aid package in the country.
  • The mid-cap FTSE 250 rose 0.9 per cent as EasyJet jumped 8.8 per cent on plans to fly at 40 per cent of its capacity over the rest of the summer, while a first-half profit beat saw insurer Direct Line hit five-month highs.
  • The broader oil & gas sector rose 2.5 per cent on BP’s gain with other growth-linked cyclical sectors such as automakers and banks also rising.