Home Business NewsBusiness FTSE 100 dips on weak Chinese growth

FTSE 100 dips on weak Chinese growth

by LLB Reporter
18th Oct 21 10:10 am

The FTSE 100 dipped on Monday, losing some of its recent momentum as China’s GDP figures for the third quarter disappointed.

The problems facing the Chinese economy are familiar ones of supply chain issues and power shortages.

“Bitcoin has resumed its gravity defying exploits on hopes the launch of crypto ETFs will get the sign-off from US regulators this week,” said AJ Bell investment director Russ Mould.

“Perhaps stung by the recent collapse in the shares the founder of e-commerce firm THG Matthew Moulding has given up his golden share.

“This paves the way for membership of FTSE indices, although it looks to have come too late to allow the company to join the FTSE 100 immediately given its diminished valuation.”

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