Update: FTSE wavers after US stocks enter correction territory

Asian stock markets also down

Jayna Rana
clock • 2 min read

The FTSE 100 fell 0.4% in opening trading but rebounded later in the morning, proving more resilient than US markets which suffered losses of more than 4% in yesterday's trading. 

    UK blue chips were trading down around 0.26% by 11.13am (GMT), at around 7,153 points while on the continent the Euro Stoxx 50 was down 0.57% to 3,358 points. This follows a rough day of trading in the States yesterday with the Dow Jones falling over 1,000 points and is now on track to suffer the biggest weekly decline it has seen since October 2008 - the height of the global financial crisis.. US equities suffered its second sell-off in a week to hit 2018-lows with the Dow Jones and S&P 500 both entering what is deemed correction territory. The Dow Jones industrial avera...

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

More than half of IFAs feel negative about a potential Labour govt

More than half of IFAs feel negative about a potential Labour govt

Advisers favour Conservatives when it comes to their clients and business

Isabel Baxter
clock 09 May 2024 • 2 min read
Elections and advice: Planning in political and legislative uncertainty

Elections and advice: Planning in political and legislative uncertainty

‘It should not be based on speculation, always plan on current legislation’

Isabel Baxter
clock 08 May 2024 • 3 min read
'Discussion-worthy stuff': Chinese assets under pressure

'Discussion-worthy stuff': Chinese assets under pressure

China has an 18% share of global GDP and only a 3% MSCI ACWI weighting

Chris Justham
clock 02 April 2024 • 2 min read