Lucy Harley-McKeown
FTSE 100 and European markets down, US up as bets on Trump ramp up
How major markets are performing on Monday
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The FTSE 100 and European stocks started the week in the red, as sentiment soured. Burberry (BRBY.L) was among the top fallers in London's premier index after it swapped out its CEO and suspended its dividend. Over in the US, markets rallied as traders digest the apparent assassination attempt on Donald Trump.
The FTSE 100 (^FTSE) fell 0.7% in early trade, dragged down by Burberry which lost more than 10% of its value after the opening bell. By the afternoon the FTSE was 0.8% lower. The luxury retailer said it is replacing its CEO and suspending its dividend after disappointing profit reports for the first financial quarter.
The DAX (^GDAXI) was 0.8% lower in Germany and the CAC (^FCHI) sank 1.2% in Paris.
The pan-European STOXX 600 (^STOXX) was down 1%. European stocks were following Asia lower, after a Chinese GDP miss.
Across the pond, the S&P 500 (^GSPC) rose 0.9%, the Dow (^DJI) was 0.8% higher and the Nasdaq (^IXIC) jumped 1.2%. US markets took cues from the fallout of the apparent assassination attempt on presidential hopeful Trump over the weekend, and, later, a speech by Federal Reserve chair Jerome Powell at the central bank.
Bets ramped up on a win in November's presidential election for the Republican front-runner, seen as likely to cut taxes, raise trade tariffs and ease up on regulation.
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