The FTSE 100 had a quiet day in the aftermath of the London terror attack
LONDON — The FTSE 100 had a quiet day on Thursday, as investors largely looked beyond the terror attack perpetrated in London on Wednesday, and instead focused on the upcoming vote in the United States House of Representatives on the proposed overhaul of the Affordable Care Act, also known as Obamacare.
Four people, including a police officer, have died and at least 40 were injured in Wednesday's attack, but markets are seemingly looking beyond the events. In previous attacks in recent years, such as Brussels and Paris, European stocks saw a significant drop before rallying, but the pattern following the London attacks is different, with investors seemingly uninterested in the attack in market terms.
In the equity markets, Britain's benchmark share index, the FTSE 100 has a subdued day, eventually ending up by 0.2% to close at 7,339 points, as the chart below illustrates:
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Share moves from the vast majority of companies are relatively small, with the FTSE's biggest winner, Next, up 8% after a strong set of annual results on the day. The biggest fall on the day came from Randgold Resources, which lost 2.74% as the price of gold fell on the day.
Across Europe, the picture was even more positive, with equities higher by as much as 1.2% on certain indexes. Here is the scoreboard:
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Earlier in the week, global equities slipped after US stocks tumbled as trepidation about the difficulties President Trump may face in pushing through his pro-business agenda. Notably, Tuesday marked the first time since October 11, 2016, that both the Dow and the S&P 500 closed down by at least 1%. This spooked investors worldwide and led to a significant sell-off.
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