05.09.08
Wild action as Footsie falls away once again
04.09.08
Air of uncertainty around as Footsie oscillates today
04.09.08
29th August – Good two-way business leads to flat Footsie
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After yesterday’s 300 point drop on the Dow Jones Index and big falls in the Far East overnight, investors expected the worst in London, and sure enough the FTSE 100 index quickly dropped around 100 points.
Yesterday’s big fall in the FTSE 100 index induced a degree of nervousness into the UK market this morning, but there were buyers around and by mid-morning the index was up around 25 points.
There were buyers and sellers around this morning but no major moves within the blue chips as the FTSE 100 index remained virtually unchanged mid-morning. Financial stocks added to yesterday’s gains with Man Group, Royal Bank of Scotland and Barclays strong, while the resource stocks were a more mixed bag with falls at Kazakhmys, Eurasian Natural Resources and Tullow.
There was a major reversal in New York yesterday, with an early rise running into waves of selling and this looks as though it may be a short term top on the Dow Jones index. Shares in London had been fairly strong in recent sessions, but this morning there was a heavy markdown, not helped by some mixed corporate results, and by mid-morning the FTSE 10 index was down around 60 points.