FTSE falls as investors await Fed decision

clock

In London, markets fell slightly as several trading updates came to light and many investors awaited the US Fed's interest rate decision, putting the FTSE 100 down 8.1 points (0.12%) to 6,557.3.

Xstrata shares made the biggest early gains after reports the firm was talking to potential bidders, up 140 points (3.83%) to £37.96, while Whitbread shares climbed 31 points (2.18%) to £14.55. Hammerson lost 32 points (2.92%) to £10.64 in early trade, while British Land dropped 24.5 points (2.52%) to 948.5p. On Wall Street, market closed significantly higher as investors became hopeful of a cut in interest rates and the Dow Jones was up 101.45 points (0.74%) to 13,727.03. Caterpillar shares rose after an investment bank highlighted its work in China, up 2.38 (3.21%) to 76.58, while J...

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