The London stock exchange indicators shifted to the red zone during Wednesday afternoon trading. Due to the celebration of Labor Day, the fairs in cities such as Amsterdam, Brussels, Paris and Frankfurt were closed. Supermarket company Sainsbury was in demand in London after it had opened the books.
The leading FTSE index dropped 0.3 percent to 7397.75 points. Supermarket chain Sainsbury, which previously saw a merger with industry partner Asda fail, was one of the strongest risers in the leading index with a profit of nearly 4 percent. The supermarket company promised to make the necessary investments in its stores.
The London Stock Exchange (LSE) was also among the winners with a plus of 2.2 percent. According to the stock market operator, the approaching brexit does not prevent companies from closing deals for the time being. LSE saw its income rise by 5 percent in the first months of the year. The LCH clearing division was responsible for 17 percent more revenue on an annual basis.
In addition, market researcher Markit provided data on business activity in British industry. There was a growth slowdown here last month due to the postponement of the Brexit. This reduced the need for companies to quickly replenish their stocks.
The euro was worth $ 1,1226 against $ 1,1202 at the close of the European stock exchanges on Tuesday. The price of a barrel of American oil fell 0.2 percent to $ 63.77. Brent cost 0.2 percent more and was traded for $ 72.22 a barrel.