Home Business FTSE 10 reduces growth concerns

FTSE 10 reduces growth concerns


Shares of the UK fell on Monday, due to concerns about inflation and sluggish Chinese data affecting sentiment.

China’s export growth slowed to its weakest in almost two years, while imports remained virtually unchanged in April, adding to concerns about economic prospects.

The FTSE 100 fell 64 points, or 0.9 percent, to 7324 after losing 1.5 percent on Friday.

Miners have suffered losses as prices for base metals have fallen due to demand concerns. Anglo American, Antofagasta and Glencore fell 4-5 percent.

Capital & Counties Properties fell 3.3 percent and Shaftesbury lost about 3 percent. Real estate companies have said they are having advanced discussions about a possible merger of all shares.

Rightmove was down 5.3 percent. The CEO of the company is stepping down after more than 16 years of working on the property portal.

For comments and feedback please contact: editorial@rttnews.com

Market analysis

This article is first published on Source link

Previous article5 ways needed to make a difference
Next articleDow futures will fall 400 points as roller coasters on Wall Street continue