FTSE Opens Down, Investor Gloom Continues


shares opened down, taking their cue from the investor gloom affecting the US markets, with the falling back -1.00% and the down -0.66%. Goldman Sachs (NYSE:) lowered its fourth-quarter US growth forecast by 20 basis points to 1.8%.

European trading was also down over concerns about a possible return to political instability affecting the economy, after Italy’s deputy prime minister Matteo Salvini called for a general election. The FTSE MIB, was particularly affected (-2.48%), with the FTSE relatively insulated (-0.44%), on poor trade data but helped by a weakened .

Russian cheer

Top of the FTSE benchmark is Roman Abramovich’s steel company EVRAZ (LON:), with its shares up 2.06%, after announcing solid interim results to end-June supported by positive trends in their key product markets, including the recovery of construction activity in Russia. Antofagasta (LON:) was up 1.71%, after a strong quarter featuring a jump in production and falling costs. Rolls Royce (LON:) was down -2.51%, due to significantly high cash outflow, as it battles to fix its new Trent engine.

Asian shares opened the week on a positive note after a difficult week, led by the on 0.99%, the Sensex on 0.68% and the on 0.44%.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

#ftse100 #uk100

Source link

Leave a Reply