View more on these topics

FTSE 100 down over 2% at close

European markets have recorded heavy losses on Tuesday on the back of below-par US jobs data.

The FTSE 100 ended the day down 2.24 per cent to stand at 5595.55, with banks and miners leading the losses.

The U.S. Labor Department said on April 6 that employers added 120,000 jobs in March, the fewest in five months and less than the 200,000 predicted by analysts. Mixed trading figures from China also caused concern in markets.

In Europe, the French Cac 40 and the German Dax also recorded losses of 3.1 per cent and 2.5 per cent respectively.

Recommended

1

HMRC-approved Guernsey Qrops fall by 300 following clamp down

The number of Guernsey-based Qrops providers on HM Revenue & Custom’s approved list has fallen from around 300 in March to just three in April. The fall follows a clamp down by the Revenue on overseas pension schemes which treat residents differently from non-residents for tax purposes. HMRC’s final Qrops rules, published last month, require […]

Funds hit as India shuts CGT loophole

The Indian government has closed a loophole which allowed funds with exposure to India to avoid paying a 15 per cent capital gains tax by trading through a Mauritian subsidiary. In March, the Indian government announced it is scrapping a taxation treaty with Mauritius, which allowed foreign investors to access the Indian market free of […]

Bond fund sales highest since 2005, Lipper reports

Bond fund sales in Europe hit their highest level since July 2005 in February, with data provider Lipper reporting £16.1bn in sales. Net fund sales of £23.6bn – excluding money market products – in February were the highest on record for 16 months. However, including money market funds, inflows dropped to £13.4bn from £25.6bn in […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment