An­other ugly day for the Foot­sie

The Press and Journal (Aberdeen and Aberdeenshire) - - BUSINESS -

The FTSE 100 tum­bled fur­ther into the red on an­other bad day for global mar­kets.

Lon­don’s top flight closed 44.9 points lower at 7,077.64 yes­ter­day.

The FTSE had been as much as 120 points down in the af­ter­noon, but made back a sub­stan­tial part of its losses as trad­ing sen­ti­ment steadily im­proved across Europe.

Nev­er­the­less, the slump added to a dis­ap­point­ing week which has seen Lon­don­listed stocks par­tic­u­larly af­fected by fears of a global eco­nomic slow­down.

“A bar­rel of Brent crude oil slumped by 20.33%”

The Euro­pean mar­kets were slightly more mixed, although the key Ger­man in­dex dived lower un­der heavy sell­ing pres­sure.

The Ger­man Dax de­creased by 2.76% while the French Cac moved 0.3% higher.

The Dow Jones opened lower on the back of global eco­nomic con­cerns but moved into the black later in the day.

Ster­ling ben­e­fited from weak­ness in both the euro and dol­lar de­spite con­cerns over Boris John­son’s ef­forts to se­cure a Brexit deal.

The pound was 0.72% up ver­sus the US dol­lar at 1.238, and up 0.43% against the euro at 1.126.

The price of a bar­rel of Brent crude oil slumped by 20.33% to 57.32 US dol­lars.

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