FTSE dips on China data and Moody's France warning

clock

The FTSE 100 is 1.3% lower after slowing Chinese GDP data and a Moody's warning over France's AAA-rating weighed on sentiment.

The blue chip index was down 72 points to 5,364 shortly after the open, with mining and resource stocks among the worst affected after Chinese Q3 GDP came in slightly lower than expected at 9.1%. Xstrata was down 3.9% to 912p, Rio Tinto was also down 3.9% at £31.72, while Antofagasta and Vedanta Resources fell by more than 3%. The index's largest faller was Asia-focused bank Standard Chartered, which slipped 4.4%. Stocks were also under pressure on the Continent after ratings agency Moody's warned it may place a negative outlook on France's AAA-rating over the next three months. Franc...

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

Inflation falls faster than predicted ahead of BoE interest rate vote

Inflation falls faster than predicted ahead of BoE interest rate vote

3.2% in November

Michael Nelson
clock 17 December 2025 • 2 min read
FCA's Rathi addresses Autumn Budget market abuse concerns

FCA's Rathi addresses Autumn Budget market abuse concerns

Pens open letter to Treasury Committee

Isabel Baxter
clock 04 December 2025 • 2 min read
More tax, less shelter: A slow-burn Budget for savers and investors

More tax, less shelter: A slow-burn Budget for savers and investors

'The Budget documents make for sobering reading for those trying to build up their wealth'

Laith Khalaf
clock 04 December 2025 • 3 min read