FTSE 100 slide accelerates, while Wall Street set for opening fall ahead of Netflix results
The UK blue-chip index continues to fall back from key 7000 level while US markets forecast to show early declines
FTSE 100 down 84 points
Tobacco firms fall
12.38pm: Netflix in focus
Wall Street is set to follow Monday s dips with another opening fall.
All eyes with be on the tech sector, with Netflix releasing results after the US market closes.
Sophie Griffiths at Oanda said: US futures are pointing to a softer start, extending losses from the previous session. Yet even with this pullback, US stocks remain near record highs. The CBOE volatility index, often referred to as the fear gauge, is ticking higher again, suggesting risk-off sentiment is creeping up.
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The UK blue-chip index continues to slip back from key level
9.39am: Avast wanted after update
Avast PLC (LON:AVST) is one of those companies you would not necessarily immediately think of as a member of the UK s leading index.
But it certainly is, and not only that, at the moment it is leading the way.
Its shares are up 3.16% or 14.9p at 486.5p after a positive first quarter trading update.
The cybersecurity business said revenues had risen 10.5% at actual exchange rates and adjusted earnings rose 10.3% to $133.7mln. It expects full year revenues to grow at the top end of the 6% to 8% guidance range following the disposal of its Family Safety mobile business on 16 April. With investment in R&D and marketing, margins are expected to remain broadly flat.
FTSE 100 closes 2% lower as coronavirus concerns hit sentiment
Britain s blue-chip index finished down 140 points, or 2%, at 6,859 InterContinental Hotels among the day s fallers
FTSE 100 closes down 2%
Tobacco firms under pressure
5.05pm: FTSE in the red
FTSE 100 closed firmly in the red on Tuesday as coronavirus (COVID-19) fears continued to dampen investor sentiment, while the strong pound didn t help the internationalised share index.
Britain s blue-chip index finished down 140 points, or 2%, at 6,859. FTSE 250 also fell, shedding over 382 points, or 1.7%, at 22,108. European markets have been hit hard today, with rising global coronavirus cases serving as a timely reminder that the pandemic is far from over despite recent vaccination progress, said Joshua Mahony, senior market analyst at trading group IG.
FTSE 100 in the doldrums as Wall Street opens in negative territory
Companies
FTSE 100 in the doldrums as Wall Street opens in negative territory
The main indices in New York pulled back in early deals, following the trend set by global markets
FTSE 100 down 86 points
Tobacco firms under pressure
2.45pm: Wall Street opens in the red
The main indices on Wall Street started Tuesday’s session in negative territory, following a similarly cautious trend set by global markets.
Shortly after the opening bell, the Dow Jones Industrial Average was down 0.37% at 33,952 while the S&P 500 dropped 0.28% to 4,151 and the Nasdaq fell 0.19% to 13,888.
FTSE 100 closes 2% lower as coronavirus concerns hit sentiment
Britain s blue-chip index finished down 140 points, or 2%, at 6,859 InterContinental Hotels among the day s fallers
FTSE 100 closes down 2%
Tobacco firms under pressure
5.05pm: FTSE in the red
FTSE 100 closed firmly in the red on Tuesday as coronavirus (COVID-19) fears continued to dampen investor sentiment, while the strong pound didn t help the internationalised share index.
Britain s blue-chip index finished down 140 points, or 2%, at 6,859. FTSE 250 also fell, shedding over 382 points, or 1.7%, at 22,108. European markets have been hit hard today, with rising global coronavirus cases serving as a timely reminder that the pandemic is far from over despite recent vaccination progress, said Joshua Mahony, senior market analyst at trading group IG.