FTSE 100 flat after falls
FTSE 100 flat after falls
Friday 3rd July 2009
The FTSE 100 was flat this morning after yesterday's sharp falls on US unemployment data.After opening just four points higher, the index fell back to 4,234.22 by 08:50 BST, as banking stocks offset a fall in insurers and the energy sector.
Publishing firm Reed Elsevier was up by 1.65 per cent, while Royal Bank of Scotland rose by 1.19 per cent and HSBC was up by 0.96 per cent.
Friends Provident was down by 7.4 per cent, after the insurer demerged from F&C Asset Management, while Standard Life fell by 0.87 per cent.
Over in the US, markets closed lower following US employment figures showed the jobless rate rose in June to 9.5 per cent – the highest level since 1983.
The Dow Jones was down by 2.63 per cent, while the S&P 500 fell by 2.91 per cent.
Related News
Fifth of local councils see some evidence of upturn - 03/07/09
One in five local councils claim to have witnessed some evidence of an upturn in their local economies, but concerns still exist as unemployment rises and business continue to rise
One in five local councils claim to have witnessed some evidence of an upturn in their local economies, but concerns still exist as unemployment rises and business continue to rise
FTSE 100 down 1.4% - 02/07/09
The FTSE 100 was down in early trading today – pushing aside some of Wednesday's optimism and continuing this week's volatility
The FTSE 100 was down in early trading today – pushing aside some of Wednesday's optimism and continuing this week's volatility
Poor US consumer confidence rocks FTSE 100 - 30/06/09
The FTSE 100 saw a dramatic sell off mid-afternoon today leaving the index closing down 1
The FTSE 100 saw a dramatic sell off mid-afternoon today leaving the index closing down 1
Lloyds Banking Group to cut further 2,113 jobs - 30/06/09
Lloyds Banking Group has announced it will be slashing a further 2,113 jobs over the next three years
Lloyds Banking Group has announced it will be slashing a further 2,113 jobs over the next three years
