The FTSE100 has entered ‘bear market' territory after being smashed in early Tuesday trading, down 129.20 points (2.34%) to 5383.50.
London’s blue-chip index this morning dipped more than 20% below its 6730.70 peak, the typical bear market gauge. Most of the negative sentiment surrounds the British Chambers of Commerce’s Q2 economic survey, which showed the UK is on the brink of recession. No stocks are currently in the black so far, with the London Stock Exchange Group 8.66% lower to 659.50 and Kingfisher 5.80% behind to 92.60. In New York, a Friday break for Independence Day brought little joy for the Dow Jones IA, closing Monday 56.58 points (0.5%) lower to 11231.96. San Francisco Federal Reserve Bank president Ja...
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