FTSE plunges on economic uncertainty

clock •

The FTSE 100 has plunged in late morning trading as renewed concerns over the global economy end the recent rally powered by M&A speculation.

Shortly after 11.30, the FTSE was down 1.1%, or 58 points, to 5,176. Mining stocks were the biggest losers as economic uncertainty impacts metal prices. Vedanta Resources, Kazakhmys and Eurasian Natural Resources are all down at lunchtime. The FTSE could fall further this afternoon following the release of key data from the US. Figures for US home sales, durable goods orders and revised second quarter GDP numbers are all expected later. Housebuilder Wolseley, which has strong ties with the US, is leading the FTSE's fall into the red, down over 5%. The negative sentiment is mirrored...

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

Fahad Hassan: When good news becomes an inflation problem

Fahad Hassan: When good news becomes an inflation problem

'Markets have been adjusting to the risks through valuations all year'

Fahad Hassan
clock 29 September 2026 • 6 min read
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