Rolling coverage of the latest economic and financial news
- European markets opened higher, but now fading….
- Introduction: World markets at record high
- CNN: Wall Street showing extreme greed
- Oil rises to highest since March
The rally on the FTSE 100 has well and truly melted into air: London’s blue-chips have now lost 0.6% today.
It’s those cyclical stocks from earlier – like Barclays, Lloyds Banking Group, Rolls-Royce – that are still dragging the index back.
UK Prime Minister Boris Johnson is speaking in parliament now (albeit via video link because of self-isolation rules) ahead of the spending review by his chancellor, Rishi Sunak.
