Weak US data causes FTSE 100 to slump

Thursday 28th January 2010

The FTSE 100 slumped significantly in afternoon trading after weak economic data raised further concern over the pace of recovery in the US economy.

The London index ended Thursday at 5,145.74, a drop of 71.71 points, or 1.37 per cent.

The biggest loser of the day was AstraZeneca which fell 4.6 per cent, to 2,905p.

Xstrata also slumped 4.33 per cent, with Antofagasta falling 3.85 per cent.

Leading the minimal gains on Thursday, were Carnival, which rose 1.61 per cent and Next, which increased 1.3 per cent.

The falls followed the news US jobless claims last week were higher than expected, with Wall Street falling in early trading. ADNFCR-1783-ID-19585036-ADNFCR

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