View more on these topics

Markets fluctuate following US bail-out deal failure

The FTSE and other leading indexes endured a topsy-turvy start to trading this morning after the $700bn US rescue plan failed to get backing from the House of Representatives.

The FTSE 100 was up by 0.4 per cent at 11.08am this morning, having lost as much as 3 per cent earlier on, while France’s Cac 40 was up 0.59 per cent and Germany’s Dax down 0.42 per cent.

The failure of the plan already began to hit Wall Street’s Dow Jones index prior to its closure yesterday, posting its biggest one-day loss in history.

In Japan, the Nikkei closed 4.1 per cent down on Tuesday prompting concerns of major falls across Europe when markets opened.

The FTSE 100 fell 5 per cent yesterday to 4818. Bank shares have again been the worst hit today with HBOS and Royal Bank of Scotland down 10.14 and 5.3 per cent respectively.

Recommended

Call to widen safety net

Financial Services Consumer Panel chairman Lord Lipsey says the 35,000 guarantee on deposits should apply to each brand rather than each bank.

Global income: preparing for a rate rise…

In the five years since we launched the Artemis Global Income Fund, its manager Jacob de Tusch-Lec has built a distinctive portfolio that is first among its peers. Here he explains why his “quality, cyclical and value yield” stocks, and flexible approach, leave the fund better placed to benefit from uncertainty than funds that depend […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com