Vodafone and miners support FTSE 100, as investors sift through mixed data

London stocks were set to scrape out a gain out for the week, helped by miners and Vodafone, as investors sifted through a mixed set of economic data on Friday. “While there are questions around high-street retail demand despite government steps to reopen the economy, the saving grace appears to have come from football fans who drove up alcohol and food sales for the euro 2020 tournament,” said Joshua Mahony, senior market analyst at IG, in a note to clients. “July saw the U.K. economy’s recent growth spurt stifled by the rising wave of virus infections, which subdued customer demand, disrupted supply chains and caused widespread staff shortages, and cast a darkening shadow over the outlook,” said Chris Williamson, chief business economist at IHS Markit, in a press release.

By Matt Earle

Matthew Earle is the Founder of MiningFeeds. In 2005, Matt founded MiningNerds.com to provide data and information to the mining investment community. This site was merged with Highgrade Review to form MiningFeeds. Matt has a B.Sc. degree with a minor in geology from the University of Toronto.

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