FTSE slides ahead of Q3 earnings reports

clock

London's leading index lost ground in morning trading as investors braced for a round of woeful reports from the third quarter earnings season.

Investors will be looking closely at the US for indicators of corporate health when the Q3 reporting season kicks off tomorrow, but expectations are bleak and are impacting shares today. The FTSE was 0.65% lower at 5,832 points by 10.20am, while Europe’s main equity markets were also weaker - the French Cac 40 was 1.1% down at 3,417 and the German Dax dropped 1.2% to 7,307. In the UK one of the main fallers was defence giant BAE systems which suffered another setback in its planned merger with EADS after its largest shareholder, Invesco Perpetual, voiced 'significant reservations' abo...

To continue reading this article...

Join Investment Week

  • 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

The fall in sales volumes over the month was because of food stores, which fell by 1.6%.
UK

UK retail sales slip in May as consumer confidence falls to lowest on record

Shoppers cut back on food spending

clock 24 June 2022 • 2 min read
Industry Voice: T. Rowe Price's 2022 Midyear Market Outlook summary

Industry Voice: T. Rowe Price's 2022 Midyear Market Outlook summary

Transitioning to a new paradigm

Ritu Vohora, Investment Specialist, Capital Markets at T. Rowe Price
clock 23 June 2022 • 2 min read
Equity funds managed to stay in positive territory with €2.9bn of new net subscriptions

Morningstar: European fixed income funds suffer €16.5bn net outflows in May

Equity funds remained in positive territory

clock 23 June 2022 • 1 min read
Trustpilot