Daily market snapshot: FTSE down as metal prices fall back

clock

European shares were lower this morning in early trading (FTSE Eurofirst 300 -0.6%; FTSE 100 -0.6%).

Mining and energy stocks suffered from falling metal and crude oil prices, and banks also retreated slightly from Monday's gains. Wall Street closed higher yesterday (Dow Jones +1.3%; S&P 500 +1.4%) on the back of stronger-than-expected home sales data; existing house sales were at their highest level for two and a half years during October. A weaker dollar lifted commodity stocks, but generally, trading volumes were light. Previous working day closing figures: Dow Jones: 10,450.95 FTSE All-Share: 2,735.06 FTSE 100: 5,355.50 FTSE 250: 9,270.11 FTSE AIM: 664.11 Market snapshots...

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

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

'Discussion-worthy stuff': Chinese assets under pressure

'Discussion-worthy stuff': Chinese assets under pressure

China has an 18% share of global GDP and only a 3% MSCI ACWI weighting

Chris Justham
clock 02 April 2024 • 2 min read
Why investors 'can't outrun' slow-moving demographics

Why investors 'can't outrun' slow-moving demographics

'Demographic change is a key megatrend'

Darius McDermott
clock 07 March 2024 • 5 min read
Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

British ISA, Office for Budget Responsibility, tax cuts

Valeria Martinez
clock 07 March 2024 • 4 min read