Dow slump triggers FTSE falls

clock

The FTSE 100 unsurprisingly opened sharply lower in early trading this morning following the 245 point decline for the Dow last night.

Despite positive signs for the retail sector following a surge in sales at supermarket giant Sainsbury's, a raft of mining declines sent London's blue chip index 51.03 points down, or 1.13%, to 4,456.48 by 8:25am. The FTSE is now more than 180 points lower than Tuesday's close. The top five laggards so far are all from the resources sector - with Rio Tinto and Kazakhmys 5.41% and 4.72% behind respectively. Tullow Oil leads the way early, 4.15% ahead to 742.50, while a number of banking stocks have made small advances. While Sainsbury's reported 4.5% rise in sales over the Christmas pe...

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

Five years on from Covid: What's next for markets?

Five years on from Covid: What's next for markets?

It is now five years since the start of the UK’s Covid lockdown. Since then, we have seen considerable market and geopolitical-related change. Here, William Marshall looks back over the past five years and also explores what we might expect from markets...

William Marshall
clock 06 May 2025 • 4 min read
Gilt yields fall after Donald Trump backs down in 'tariff war'

Gilt yields fall after Donald Trump backs down in 'tariff war'

US president pauses most additional tariffs

Jonathan Stapleton
clock 10 April 2025 • 2 min read
Reeves defends yearly Budget to avoid 'constant chopping and changing'

Reeves defends yearly Budget to avoid 'constant chopping and changing'

Treasury Committee scrutinises chancellor on Spring Statement

Isabel Baxter
clock 02 April 2025 • 3 min read