MARKET REPORT - CLOSE
Stocks recovered from early selling during the final hour of the session as traders reacted to the release of the text of the US central bank chief's semi-annual monetary policy report to Congress, which according to market observers at first glance did not appear to point to an overly hawkish Federal Reserve.
London stocks erased most of their earlier losses but still finished in the red on Thursday as bond yields retreated and the pound struggled for direction after disappointing UK economic growth figures.
London stocks reversed earlier losses to end Wednesday's session higher, helped along by well-received results from the likes of Lloyds and Glencore, as the pound slipped following an uptick in the UK unemployment rate.
London stocks fell less than one point on Tuesday, as solid results from HSBC and BHP Billiton failed to please demanding investors but currency traders were more taken in by Brexit reports.
London stocks ended in the red on Monday, weighed by Reckitt Benckiser as investors paused for breath after the prior week's solid gains.
London stocks finished near their best level of the session on Friday, boosted by better-than-expected economic data in the States and as the pound slipped back below $1. 41, albeit following disappointing retail sales data at home.
London equities on Thursday, underpinned by strength in the mining sector and an impressive showing from stocks with exposure to South Africa, as investors appeared to shrug off yet another higher than expected print on US inflation.
London equity markets finished near their best levels of the session on Wednesday, after an unexpectedly strong reading on US consumer prices failed to knock Wall Street lower, arguably the biggest surprise of the session.
London's top-flight index ended the session little changed, even as the pound rallied on a higher than expected reading from the Office for National Statistics on consumer prices for January, increasing expectations that the Bank of England will hike interest rates in the spring.
London stocks finished in the black tracking a late rebound on Wall Street at the end of last week, but worries remained about rising inflation and higher interest rates, with an upcoming release on consumer prices in the US the main talking point in markets.
Stocks in London finished the session in the red, tracking losses on Wall Street, with the Dow Jones Industrials headed for its biggest weekly loss since 2008 after giving back early gains, having traded in a wide 600-point range in just the first 90 minutes of the Friday session.
London's FTSE 100 fell almost 1. 5% on Thursday as the pound spiked higher after the Bank of England signalled that interest rates may rise sooner and higher than it had indicated.
Shares in London finished near their best levels of the session on Wednesday, amid 'bargain hunting' following the previous day's heavy losses, as further gains on Wall Street helping to steady traders' frayed nerves.
London stocks finished firmly in the red on Tuesday, taking their cue from a bloodbath on Wall Street and in Asia as investors fret that rising inflation will force the Fed to hike rates more than initially expected this year.
London stocks continued to come under pressure on Monday as investors fretted that the Federal Reserve might hike rates more than expected after last week's strong wage growth figures and following the release of disappointing UK services data.
London stocks finished a weak week with more Friday falls, led lower by disappointing reading on the UK construction sector and as a strong US payrolls lifted the dollar and bond yields to send stocks lower, especially miners.
The FTSE 100 gave up its early gains on Thursday to sink to its lowest close in six weeks, as the shift out of bonds knocked confidence in stocks and softer UK manufacturing data was not enough to depress the pound.
London stocks extended their losses on Wednesday, finishing down for the month amid weakness in the housebuilding sector and wider sector concerns sparked by a profit warning from business services outsourcer Capita.
The FTSE was a sea of red on Tuesday by a bruising combination of government bond pressure, a rising pound and a hit for banks and builders from a regulatory warning.
London stocks held on to slight gains on Monday as the pound slumped back and Wall Street started on the back foot but the UK's major miners saved the day as copper prices rose.