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

Dienstag, Januar 21st, 2020

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

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

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

5.05pm: FTSE 100 finishes in red

FTSE 100 index shut at a negative balance, struck by a powerful lb, so when traders fretted over worldwide trade plus the latest physical violence in Hong Kong.

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

In the usa, major benchmarks were additionally reduced, because of the Dow Jones Industrial Average down over 95 points, whilst the Nasdaq that is tech-laden exchange around 25.

In Hong Kong, there is a later date of clashes between anti-government protesters and police which have apparently kept two different people in a condition that is critical dozens more injured.

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

„Global equites rallied the other day as progress ended up being manufactured in reference to the US-China trade talks, but ever since then the situation does not look as rosy. President Trump stated he never ever consented to move back all of the tariffs which were imposed in September, and much more recently he said he would just signal a deal if it absolutely was the deal that is‘right.

The lb gained 0.63per cent resistant to the United States dollar due to the fact Conservative celebration had been discerned to have been offered a lift into the forthcoming basic election as frontrunner associated with the Brexit celebration Nigel Farage stated it might maybe perhaps not contest previously Conservative held seats. (mehr …)