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 for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
