FTSE watch: Euro markets drop 3% as woes continue

clock •

The FTSE continued to slide in Tuesday trade as ongoing concerns over the eurozone and political tensions in Korea weighed heavily on investors.

At 11:15am GMT, London's leading index was still below the 5,000 mark, down 3.02%, or 153 points, to 4,916, although it has since recovered slightly. Banking stocks are taking a hit, with Lloyds down 8.24% and Royal Bank of Scotland down 7.67%. London's shares, which opened trading 2.5% in negative territory, have also been impacted by heavy falls in Asian markets, with Japan's Nikkei falling to its lowest level in three months as possible military conflict in Korea rattled investors. The political fallout in Korea has also hit mining shares hard, with ENRC, Kazakhmys, Xstrata and ...

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

Healey promises 'new age of industrialisation' ahead of Budget

Healey promises 'new age of industrialisation' ahead of Budget

Keeps quiet on personal taxation, pensions or savings at Labour’s conference

Isabel Baxter
clock 28 September 2026 • 2 min read
MPs warn policymakers to stop using OBR as scapegoat for tough fiscal decisions

MPs warn policymakers to stop using OBR as scapegoat for tough fiscal decisions

Treasury Committee report

clock 23 September 2026 • 2 min read
Pressure mounts on Healey as UK fiscal headroom forecast to drop to £12bn

Pressure mounts on Healey as UK fiscal headroom forecast to drop to £12bn

KPMG outlook

clock 21 September 2026 • 2 min read