Professional Adviser

All eyes on the Fed as FTSE closes down

markets-small-jpg
  • By John Bakie
  • LinkedIn  
  • Google plus  
0 Comments

In London, shares fell as investors remained cautious over the Fed's interest rate decision, and the FTSE 100 closed down 28.5 points (0.43%) to 6,536.9.

Enterprise Inns shares climbed 27.5 points (5.47%) to 530p, while BG Group added 39 points (3.75%) to £10.79.

Northern Rock lost 5.1 points (4.66%) to 104.4p after the Financial Times revealed the company’s fate was unlikely to be decided before January, and British Land lost 39.5 points (4.06%) to 933.5p over continuing worries about the UK property market.

On Wall Street, markets edged downwards in early trading as investors awaited the Fed’s latest interest rate decision and the Dow Jones fell 12.92 points, (0.09%) to 13,714.11.

AT&T shares recovered from yesterday’s slump after the company revealed it would increase its dividend by 13% and also buy back billions in stocks, adding 2.35 (6.2%) to 40.25, while McDonalds gained 1.2 (1.94%) to 63.10.

American Express continued to suffer from the credit crunch, with shares losing 1.36 (2.36%) to 56.22, while JP Morgan Chase lost 0.66 (1.39%) to 46.76.

If you would like to comment on this story, contact:

John Bakie
Tel: 020 7034 2682
e-mail: [email protected]

IFAonline
  • LinkedIn  
  • Google plus  

More news