As the sun continues to shine in London, the FTSE 100 continues to fall
City Index July 25, 2012 3:22 PM
<p>As the sun continues to shine in London, the FTSE 100 continues to fall, suffering another day of losses, down 4% over their four straight […]</p>
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- As the sun continues to shine in London, the FTSE 100 continues to fall, suffering another day of losses, down 4% over their four straight days of falls.
- As fears over Spain’s impending debt and European banks exposure to the country, coupled with concerns Greece will be unable to meet the terms of their debt restricting package, markets were hoping for some positive news from Apple to steady their nerves.
- This was not the case as the stock fell 5% towards the close of the US and figures released post market show results that missed market expectations.
- The FTSE is currently down 10 points at 5489 while the German DAX is a touch below parity at 6398.
- We currently have BT Group and Scottish and Southern as the two biggest fallers this morning.
- The two stocks are down around 4.5% each.
- However, Arm Holdings lend the FTSE a hand as the biggest gainer, up around 3.5%, as their results excelled despite those from Apple.
- With UK GDP figures at 9.30am and US New Home Sales at 3pm this afternoon, as well as a raft of US bellwethers, there is plenty in this market for traders despite all the sunshine.
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