FTSE 100 drops after consecutive positive sessions Business News

London’s FTSE 100 closed in negative territory as mining stocks decline and inflation fears rise, after consecutive positive sessions for nearly a week.

The blue chip index closed 31 points, or 0.4% lower, at 7,153. Meanwhile, the domestically-focused FTSE 250 closed 0.3% lower.

The index was dragged down by commodity prices, however, UK plans to ease travel restrictions allowed airline stocks to rise.

Other European markets finished positive, with CAC closing 0.2% higher and DAX 0.1%.

US markets closed mixed as the sell-off continued following the Federal Reserve’s policy update. The Dow Jones Industrial Average fell again on Thursday 210 points, or 0.6%, to 33,823, while the S&P 500 fell 0.04% to 4,222 and the Nasdaq Composite rose 0.9% at 14,161.

Asia-Pacific stocks were mixed in Friday morning trading, with stocks tracking global peers. Japan’s Nikkei 225 is trading marginally after the Bank of Japan on Friday announced its decision to maintain monetary policy, as well as an extension of the duration of its pandemic relief program.

The Shanghai Composite was down 0.4%, the Hang Seng was up 0.6% and the Australian S & P / ASX 200 traded 0.3%.

Indian indices opened higher on Friday but fell later, dragged down by commodity stocks. Sensex is trading around 200 points while Nifty is down 0.5%.

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This notice was published: 2021-06-18 05:44:20

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