
Investor concerns led to broad market weakness in the week ending 26 June. Concerns were focused on a number of areas: scope for a tit-for-tat trade dispute betweeen the US and the EU and UK over the subsidies to the aerospace sector; growing rates of coronavirus infections in certain U.S. states; and initial jobless claims that continue to be in excess of one million. Company focus is on BAE Systems, which issued a trading update, BP, which on 29 June, announced the sale of its petrochemicals business.