FTSE down almost 100 points

clock

The FTSE 100 is down almost 100 points in early trading with a fall of 92.3 points, or 1.43%, to 6,342.4, as the mining sector is suffering from a bout of profit-taking.

Reuters Group is the only stock making gains at the moment with a rise of 1.23% to 431.25p, while miners are making up the top five losing stocks with Xstrata acting as the biggest drag with a drop of 4.82% to £25.28. BHP Billiton is down 3.97% to £10.76, closely followed by Vedanta Resources which has slipped 3.95% to £12.88, Rio Tinto has declined 3.81% to £28.28, and Lonmin is down 3.7% to £32.49. In Japan, the Nikkei 225 Stock Average slipped 95.43, or 0.5%, to 18,119.92 at the 3pm close, as banks led declines on concerns a rate increase by the Bank of Japan last week won't be enough...

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

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
Five key takeaways from the Spring Statement 2025

Five key takeaways from the Spring Statement 2025

OBR growth, ISA reforms and defence

Sorin Dojan
clock 27 March 2025 • 4 min read