London markets have opened steady this morning despite seeing Wall Street suffer one of its worst sessions in a year on Friday.
The FTSE100 declined sharply in late trading last Friday on the poor US opening, but the early signs today seem more positive, with the index currently 0.02% ahead to 5907.70. Oil giants are leading the way so far on record prices, with BP 1.64% ahead and Royal Dutch Shell 1.57% up. On the flipside, British Airways is hurting on the price increases, down 3.32%. All major US indices suffered on Friday, as higher crude costs and a huge jobless rate increase smashed investor confidence. The Dow Jones IA fell nearly 400 points at close last week, down 3.13% to 12209.81; while the broader S&P...
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