FTSE 100 trimmed its losses as Wall Street sees strong gains after jobless claims
Companies
FTSE 100 trimmed its losses as Wall Street sees strong gains after jobless claims
The UK s blue chip index cut losses, following US markets that are shrugging off inflation fears
FTSE 100 down 41 points
Dow up 1.3%
5.10pm: FTSE largely salvaged what was almost a severely negative day
The FTSE 100 ended 41 points lower, 0.6%, at 6,963 after falling as low as 6,823 earlier in the day.
Mining stocks were among the laggards due to weak iron ore price, according to media reports. Rio Tinto Group (LON:RIO) shares fell more than 4% to £6,304, and Anglo American plc stock lost nearly 4.5% to £3,250.50.
FTSE 100 recovers ground, Wall Street sees strong gains after jobless claims
Companies
FTSE 100 recovers ground, Wall Street sees strong gains after jobless claims
The UK s blue chip index cuts losses while US markets shrug off inflation fears and move higher
FTSE 100 down 46 points
Dow up 1.3%
3.22pm: What inflation worries?
The panic over inflation seems to have eased, for the moment at least.
The FTSE 100 continues to recover and is now down just 46.52 points or 0.66% at 6958.11.
The UK market has taken its cue from Wall Street, where the Dow Jones Industrial Average has surged 1.36% to 34,044 while the S&P 500 is up a similar amount and the Nasdaq Composite has added 1.48%.
FTSE 100 trimmed its losses as Wall Street sees strong gains after jobless claims
Companies
FTSE 100 trimmed its losses as Wall Street sees strong gains after jobless claims
The UK s blue chip index cut losses, following US markets that are shrugging off inflation fears
FTSE 100 down 41 points
Dow up 1.3%
5.10pm: FTSE largely salvaged what was almost a severely negative day
The FTSE 100 ended 41 points lower, 0.6%, at 6,963 after falling as low as 6,823 earlier in the day.
Mining stocks were among the laggards due to weak iron ore price, according to media reports. Rio Tinto Group (LON:RIO) shares fell more than 4% to £6,304, and Anglo American PLC stock lost nearly 4.5% to £3,250.50.
FTSE 100 trimmed its losses as Wall Street sees strong gains after jobless claims
Companies
FTSE 100 trimmed its losses as Wall Street sees strong gains after jobless claims
The UK s blue chip index cut losses, following US markets that are shrugging off inflation fears
FTSE 100 down 41 points
Dow up 1.3%
5.10pm: FTSE largely salvaged what was almost a severely negative day
The FTSE 100 ended 41 points lower, 0.6%, at 6,963 after falling as low as 6,823 earlier in the day.
Mining stocks were among the laggards due to weak iron ore price, according to media reports. Rio Tinto Group (LON:RIO) shares fell more than 4% to £6,304, and Anglo American PLC stock lost nearly 4.5% to £3,250.50.
FTSE 100 trimmed its losses as Wall Street sees strong gains after jobless claims
The UK s blue chip index cut losses, following US markets that are shrugging off inflation fears
FTSE 100 down 41 points
Dow up 1.3%
5.10pm: FTSE largely salvaged what was almost a severely negative day
The FTSE 100 ended 41 points lower, 0.6%, at 6,963 after falling as low as 6,823 earlier in the day.
Mining stocks were among the laggards due to weak iron ore price, according to media reports. Rio Tinto Group (LON:RIO) shares fell more than 4% to £6,304, and Anglo American PLC stock lost nearly 4.5% to £3,250.50.
In the US, the Dow was up 423 points, 1.3%, to 34,011 at midday. The Nasdaq gained 76 points, 0.6% to 13,108, and the S&P 500 added 44 points, 1.1%, to 4,109.