FTSE remains fragile after global sell-off

katrina Baugh
clock

The FTSE continued to fall in early trade, down 0.34% to 5138.51, following yesterday's massive sell-off in global shares on escalating fears about the economic recovery.

London's blue chip index closed 78.89 points lower at 5,155.95 while yields on  long-term Government bonds fell to their lowest on record at 2.876%. Markets were hit around the globe with Japan's Nikkei down 1.3%, crashing below the 9,000 barrier for the first time in 15 months. Poor housing sales data from the US also pushed the Dow 1.3% lower at 10,040.45. Investors will be hoping the FTSE can withstand further pressures today and stave off larger losses. Winners in early trading include services provider Serco Group up 1.52% and Man Group ahead 1.16%. However, miners are...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

US and EU sign trade deal and agree tariff rates

US and EU sign trade deal and agree tariff rates

EU to spend $750bn on US energy

Patrick Brusnahan
clock 28 July 2025 • 1 min read
ECB keeps rates steady at 2% for the first time in a year

ECB keeps rates steady at 2% for the first time in a year

Not committed to a 'rate path'

Patrick Brusnahan
clock 24 July 2025 • 2 min read
Trump labels Fed's Powell a 'numbskull' and says he will be out in eight months

Trump labels Fed's Powell a 'numbskull' and says he will be out in eight months

Powell to leave post in May 2026

Linus Uhlig
clock 23 July 2025 • 1 min read
Trustpilot