Poor revised growth figures from the US ensured the FTSE 100 finished the day lower and held Wa...
Poor revised growth figures from the US ensured the FTSE 100 finished the day lower and held Wall Street in the red at midday. The outlook for the US failed to perk up today after the Commerce Department admitted the US economy was growing at its slowest pace in eight years. The total of all goods and services produced in the US increased at a yearly rate in the second quarter of 0.2%. This figure was lower than the initial rate reported of 0.7%. The news further dented hopes that earnings will pick up in the fourth quarter. In the UK, the FTSE 100 finished the day down 16 point...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes