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FTSE 100 (^FTSE)
| Previous close | 8,040.38 |
| Open | 8,040.38 |
| Volume |
| Day's range | 8,030.05 - 8,105.59 |
| 52-week range | 7,215.80 - 8,105.59 |
| Avg. volume | 1,121,247,898 |
- Reuters
GLOBAL MARKETS-Equities fall amid earnings gloom, as persistent inflation lifts Treasury yields
Stocks snapped a three-day winning streak on Thursday as disappointing forecasts from Facebook and Instagram owner Meta hammered the tech sector, and Japan's yen sank through 155 per dollar for the first time since 1990. Tepid U.S. GDP data pushed Wall Street lower at its open, and Meta's slump also soured the mood. U.S. Treasury yields rose after the data showed signs of persistent inflation, lowering hopes that the Federal Reserve will cut interest rates anytime soon.
The TelegraphWall Street plunges after US inflation shock
US stock markets plunged amid fears of stagflation in the American economy, which grew at its slowest pace in nearly two years just as inflation jumped.
- Reuters
GLOBAL MARKETS-Tepid economic data weighs on equities; yen sinks to fresh lows
Stocks snapped a three-day winning streak on Thursday as disappointing forecasts from Facebook and Instagram owner Meta hammered the tech sector, and Japan's yen sank through 155 per dollar for the first time since 1990. Tepid U.S. GDP data pushed Wall Street lower at its open, and Meta's slump also soured the mood. "If Meta is a guide, it seems the market is simply not tolerant of in-line – if you've had a good run through Q1 & Q2 you either blow the lights out, or the market takes its pound of flesh," said Chris Weston, head of research at Pepperstone.
