FTSE 100 plunges to lowest close since November as global stocks rocked
1 year, 5 months ago

FTSE 100 plunges to lowest close since November as global stocks rocked

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK’s FTSE 100 has plunged at its lowest point since November as US interest rate fears weighed heavily on global sentiment. Nearly all stocks on London’s FTSE 100 were trading lower on Thursday, while housebuilders and retailers were among the index’s worst performers. Fears over higher rates and slower growth has tipped the FTSE 100 to its worst day since the big sell-off in March Michael Hewson, chief market analyst at CMC Markets UK Michael Hewson, chief market analyst for CMC Markets UK, said: “Fears over higher rates and slower growth has tipped the FTSE 100 to its worst day since the big sell-off in March, as well as its lowest levels since then, as well as clobbering the FTSE 250, with weakness manifesting itself across the rest of European markets, after last night’s Fed minutes showed that the decision to pause rate hikes wasn’t the cut and dried decision that many thought it was.” He added that the US jobs report “cemented the idea that Fed officials are very serious about meeting their inflation target and the resilience of the labour market will only likely reinforce this view”.

History of this topic

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3 months ago
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