Home Business News FTSE 100 closes in the red ahead of G20

FTSE 100 closes in the red ahead of G20

by LLB Reporter
28th Jun 19 9:38 am

For the second day running the FTSE 100 has closed in the red, on Wednesday the FTSE marginally closed in the red, and on Thursday it failed to recover from a mid-morning slump ahead of the G20 summit.

On Thursday London’s top-flight closed the day down by 14.06 points at 7,402.33 points. The French Cac dropped by 0.13% and the German Dax increased by 0.21%.

The pound was down by 0.19% as 1.2 67 vs the US dollar which declined by 0.15% to 1.114 against the Euro.

Fiona Cincotta, senior market analyst at City Index said, “A mixed start on Wall Street has helped dig the FTSE off session lows.

“US stocks were trading broadly higher in early trade on Thursday lifted by gains in tech shares ahead of the key G20 meeting.”

The largest fallers on the FTSE 100 were Glencore which was down by 13.5p at 263.0p, Rightmove was down by 18.8p at 535.2p, Auto Trader, down by 18p at 546p, and Croda was also down by 135p at 5,150p.

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