FTSE: Lowest Closing Level Since 2010
Fiona Cincotta August 4, 2011 4:40 PM
<p>The FTSE had the lowest closing level since 2010 yesterday due to uncertainty of global growth. The FTSE is rising this morning after a late rally […]</p>
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- The FTSE had the lowest closing level since 2010 yesterday due to uncertainty of global growth.
- The FTSE is rising this morning after a late rally on Wall Street as investors are encouraged by hopes of further stimulus.
- Bargain hunters may help drive markets again as equities are looking quite cheap.
- Earnings results will be released today by Lloyds, British Land, Unilever and Inmarsat.
- In economic data, the UK Interest rate decision will be released at 11am (London time). The rate is expected to remain unchanged at 0.5%.
- Also keep an eye out for US jobless claims at 1.30pm (London time).
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