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Earnings, China worries drag FTSE 100 to 3-month low

London's benchmark index hit its lowest point in over three months on Tuesday, fuelled by concerns that U.S. presidentelect Donald Trump might select a. China hawk as a leading diplomat, in addition to some frustrating. business updates.

The blue-chip FTSE 100 shut down 1.2%, its least expensive. level because Aug. 6.

Industrial metal miners fell 5.2% as. copper costs struck a two-month low, on fret about the impact. of Trump's policies on the economy of top metals consumer China.

China-linked assets came under pressure worldwide on. anticipation Trump would appoint U.S. Senator Marco Rubio,. thought about the most hawkish contender on his shortlist, as. secretary of state.

Regardless of the preliminary excitement upon the election result. recently, financiers are beginning to realise that Donald Trump's. ideas might drive up inflation, make life tough for foreign. business offering into the U.S., and raise geopolitical dangers,. said Russ Mould, financial investment director at AJ Bell.

It produces the kind of unpredictability which markets hate.

On the domestic front, data showed UK routine wage. growth fell in the 3rd quarter to its least expensive in over two. years, possibly boosting the Bank of England's confidence. that inflation pressures will continue to reduce.

Average weekly revenues, leaving out perks, were 4.8%. higher in the 3 months to the end of September, below. 4.9% the month before and almost 8% a year earlier.

The FTSE 350 individual products index led. sectoral declines, falling 5.2%, as Burberry extended. decreases by 6% from the previous session, after Reuters reported. Moncler is not in speak to take over the high-end brand.

Vodafone fell 8.2% to the bottom of the FTSE 100,. after the mobile operator reported a sharp slump in top. market Germany in its 2nd quarter.

Convatec Group surged 22% after the medical. products and innovations company raised its full-year natural. sales development.

The mid-cap FTSE 250 lost 1.4%.

Drax Group climbed 3.8% as the power generator. forecast annual core incomes around the top end of quotes.

(source: Reuters)