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FTSE 100 slides

17th May 24 11:05 am

On Friday London stocks fell amid weakness in markets around the world as the US Fed have indicated interest rates could remain high.

The FTSE 100 is down 0.3% and the midcap FTSE 250 fell 0.3%, whilst the pound was down against the dollar at $1.2653.

“London market is taking a lot of its lead from global markets. A decent U.S. inflation print, various Fed officials coming out and trying to send a higher for longer message on rates,” said Richard Flax, Chief Investment Officer of Moneyfarm.

If you were hoping for signs of resilience in the global economy, the message is a little bit more downbeat on the margin than you might have hoped.

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