Economics / Markets

The mining sector drilled a hole in the FTSE 100 this afternoon, with the index plummeting 92 points, or 1.38%, to 6567.1.

The FTSE 100 has started sluggishly this morning, despite takeover and acquisition speculation - the index is currently down 52.3 points, or 0.79%, to 6606.8.

In London, the FTSE 100 ended the day down by 38.6 points, or 0.58%, to 6,659.1 after analysts said inflation had fallen slower than expected.

In London, the FTSE 100 fell in early trading due to concerns that shares across Europe have been overvalued, down 29 points, or 0.43%, to 6,668.7.

The FTSE slumped this afternoon and closed at 6697.7p after falling 19 points, or 0.28%.

The FTSE opened this morning at 6732p after climbing 15.3 points, or 0.23%.

FIDELITY has launched Emerging Europe, Middle East and Africa fund, a Luxembourg-domiciled vehicle which is managed by Nick Price.

INVESTEC Asset Management has launched a new global fund which has the ability to go both long and short of the market.

BDO Stoy Hayward has launched the Hyde Park fund in order to focus on the prime central London residential property market.

The FTSE closed at 6716.7p tonight after rising 19 points, or 0.28%.