FTSE drops 1.3% on US growth fears

clock

The FTSE 100 suffered a 1.3% drop in early trading as growth concerns in the US led to renewed global jitters.

London's leading index of shares has fallen more than 66 points, or 1.33%, to 4,898 after a disappointing US services sector report heightened fears of a lackluster recovery in the world's largest economy. Consumer goods stocks are in sharp decline, with Burberry down 3.64%, M&S dropping 2.72% and Next dipping 2.12%. BP has opened slightly ahead once again, as it emerged the company is going to inform the US government of all major business deals a month in advance. The oil giant is 1.66% higher to 351p. Asian indices saw losses overnight, with Tokyo's Nikkei 225 down 0.63% to 9,27...

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

Partner Insight: Tariffs are here to stay. What's next for investors?

Partner Insight: Tariffs are here to stay. What's next for investors?

The current outlook for US tariffs is complex and their full impact on growth remains to be seen. Columbia Threadneedle Investments explores what advisers need to know, key events to keep top of mind and how to navigate the uncertainty.

Columbia Threadneedle Investments
clock 23 October 2025 • 5 min read
IFS: Reeves must plug £22bn fiscal hole to restore 'tiny' headroom

IFS: Reeves must plug £22bn fiscal hole to restore 'tiny' headroom

Think tank urges chancellor to avoid 'limping from one forecast to the next'

Linus Uhlig
clock 16 October 2025 • 2 min read
Why higher bond yields aren't causing a Mini-Budget meltdown

Why higher bond yields aren't causing a Mini-Budget meltdown

'One thing we know about Rachel Reeves is she will live or die by her fiscal rules'

Laith Khalaf
clock 07 October 2025 • 5 min read