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FTSE 100 struggles amid market movements

by LLB Reporter
19th Oct 21 10:21 am

The FTSE 100 was marking time on Tuesday morning as investors awaited the latest round of big corporate updates from the US.

AJ Bell financial analyst Danni Hewson said:  “Some big names across the Atlantic including Netflix, Johnson & Johnson and Proctor & Gamble are reporting later.

“After a period of recovery for the markets last week it feels like they are still deciding which way to break this week. UK inflation numbers tomorrow are likely to be closely watched as expectations for earlier interest rate rises build.”

Mining stocks including Rio Tinto and Polymetal International did their best to support the FTSE 100 amid further gains in commodity prices, with zinc back at a 14-year high.

British Airways owner International Airlines Group came under the most selling pressure as shares fell sharply for the second day in a row, 5.2p lower at 170.5p.

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