2 years, 8 months ago
FTSE dragged back by oil price plunge and US inflation
The IndependentFor 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. “Of the 10 main global indices only London’s blue-chip FTSE 100 has emerged from the last three months in better shape than it went in, boosted by miners and energy giants cashing in on runaway commodity prices.” The price of oil slid after OPEC+ stuck to its production targets despite calls for the body to increase output more than originally planned. On Wall Street, the Dow Jones and S&P both sank after the personal consumption price index, an inflation measure valued by the Federal Reserve, jumped to 6.4% for the year to February, compared with a January reading of 6.2%, Meanwhile, sterling rose against the euro due to the upgraded GDP revision for the three months to December but could not match a buoyant dollar. The Dublin-based online bookings platform saw shares move 3.8p higher to 77p after it reported a 10% increase in revenues to 16.9 million euros for 2021 compared with the previous year.
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History of this topic
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