Standard Life sales and the outcome of the US mid-term elections are dragging the FTSE 100 index down this morning.
The FTSE 100 index fell 22.5 points or 0.36% to 6,221.5 in early trading, led by Standard Life which has today reported strong sales figures (more to follow) but they are perhaps not as good as analysts were hoping so its share value is down 4p or 1.36% to 289p. At the same time, the markets have reacted somewhat nervously to US Democrats taking control of the House of Representatives, as this could restrict US economic growth and have a knock-on effect to the UK economy. Similarly, the price of crude oil fell back again from over £60 a barrel to drop 1.8% to $58.93 in New York yesterda...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
