FTSE treads water as Germany’s top index hits fresh record
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. Read our privacy policy The FSTE 100 struggled to hold on to gains on Thursday after a weak week for the UK’s top stock market index, while Germany’s Dax reached a new record. The contrast with the Dax could not be more stark – UK data hasn’t been great, but German data has been dire, and yet the latter index has touched a new record high Chris Beauchamp, chief market analyst at IG Elsewhere in Europe, Germany’s Dax continued on its winning streak and touched a new record during the day, having made steady gains throughout the month. Chris Beauchamp, chief market analyst at IG, said: “The morning session saw the FTSE 100 surge from a two-week low, but signs of weakness are returning in the afternoon session. “The contrast with the Dax could not be more stark – UK data hasn’t been great, but German data has been dire, and yet the latter index has touched a new record high.” In other company news, Sainsbury’s shares dropped 1.58% as the business announced plans to reduce its headcount by around 1,500 people.