The FTSE 100 began Tuesday lower, depressed by a poor show from the US's Nasdaq yesterday. Over in t...
The FTSE 100 began Tuesday lower, depressed by a poor show from the US's Nasdaq yesterday. Over in the UK a raft of technology and telecom stocks led the decline.
At morning trade the FTSE 100 slipped 74.9 points to 5543.6 with gains restricted to the old economy and limited at that.
It wasn't a good start to the week for Wall Street yesterday. The Dow Jones shed 100.85 points to 9777.93 whilst the Nasdaq slipped 57.29 to 1782.97. An earnings warning from American Express wasn't blamed for the poor market, rather it was the political tensions with China that sustained Wall Street's nervy trading.
In Asia, Hong Kong's Hang Seng dropped 33.34 to 12727.30 but on a brighter note the fortunes of China Mobile are hoped to change for the better next week as it unveils its full year results. Onlookers are banking the group can follow in the steps of rival China Unicom who recently announced solid results.
In Japan the Nikkei gained 186.61 to 13124.47 with the market pinning its hopes on the arrival of an emergency economic package later this week.
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An added tier of asset management can of course deliver additional benefits for certain investors, writes Graham Bentley - just be sure you can justify it to the regulator and, especially, the client