FTSE 100 closes lower as trade concerns and strong pound hit index

FTSE 100 closes lower as trade concerns and strong pound hit index

The united kingdom’s leading share index shed almost 31 points at 7,328 with resource shares, unsurprisingly, among the list of top laggards

  • FTSE 100 closes lower
  • US shares down
  • Likelihood of another hung parliament recede after Brexit Party backs down
  • More physical violence in Hong Kong

5.05pm: FTSE 100 finishes in red

FTSE 100 index shut at a negative balance, hit by a solid lb, and also as traders fretted over international trade plus the latest violence in Hong Kong.

Great britain’s leading share index shed nearly 31 points at 7,328 with resource shares, unsurprisingly, among the list of laggards that are top.

In america, major benchmarks had been additionally reduced, aided by the Dow Jones Industrial Average down over 95 points, whilst the tech-laden Nasdaq change destroyed around 25.

In Hong Kong, there’s been a later date of clashes between anti-government protesters and authorities which have apparently left a couple in a condition that is critical dozens more injured.

“Stock areas are mainly reduced as traders are involved in regards to the US-China trading relationship plus the physical violence in Hong Kong,” noted market analyst David Madden, at CMC Markets, on Monday.

“Global equites rallied a week ago as progress ended up being produced in regards to the US-China trade conversations, but since that time the problem does not look as rosy. Continue reading “FTSE 100 closes lower as trade concerns and strong pound hit index”