View more on these topics

FTSE blog: Markets record further losses despite early promise

The FTSE 100 has made further losses on Tuesday despite an initial rally in early trades.

At close, the blue-chip index was down by 0.5 per cent to stand at 5437.62. The German Dax and the French Cac 40 also fell by 0.8 and 0.6 per cent respectively. All three had initiallly made small gains on Tuesday.

Greek leaders meet again today as the country struggles to form a coalition government. Eurozone finance ministers met on Monday in Brussels to discuss the problems in Greece and Spain.

The FTSE 100 fell by 2 per cent on Monday, while in the US, the Dow Jones was down 1 per cent at close.

Shares in Asia also fell on Tuesday on the back of concerns over Europe. Japan’s Nikkei 225 index was down 1.2 per cent, while South Korea’s Kospi was down 1.4 per cent.


BoE cuts growth forecast to 0.8%

The Bank of England has cut its growth forecast for this year to 0.8 per cent from 1.2 per cent warning that the eurozone crisis is still the main threat to recovery. The Bank’s latest inflation report, also says inflation, currently at 3.5 per cent, will not fall as quickly as previously thought and will […]

‘Platforms punching above weight in assets’

Skandia’s assets under administration increased to £40.2bn in the first quarter of 2012, a 6 per cent rise from £38bn in the final quarter 2011, according to The Platforum. Quarterly growth figures published by The Platforum last week show Cofunds’ assets increased by 10 per cent to £39.2bn from £35.8bn in the final quarter of […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment