London’s main index was trading flat this morning after Jerome Powell, chairman of the US Federal Reserve, dampened expectations of a significant rate cut. Investors were also wary after the United States imposed new sanctions on Iran, which pushed up oil prices and gave shares in BP and Shell a lift. Natural resources companies also rose. Evraz, the steel maker and miner, gained 24p, or 3.8 per cent, to 663p. A stronger dollar weighed on gold prices, making the precious…

Source: The Times June 26, 2019 11:03 UTC