FTSE 100 claws back this week's losses
A turbulent week in the City is over!
The blue-chip FTSE 100 share index has closed for the night, finishing 23 points higher at 8168 points, up 0.28% today.
That means it only lost 6 points during the week, and what a week it was!
The FTSE plunged by 2% or 166 points on Monday. during the global stock rout, before stabilising on Tuesday, rallying on Wednesday (up 140 points), and slipping back slightly on Thursday.
The pound is trading slightly higher today, up 0.15% today. But it’s still on track for its fourth daily fall in a row, matching a run last seen in September 2023.
On what was a largely uneventful day, the pan-European Stoxx 600 index gained around 0.5%, with stocks also a little higher in Frankfurt, Paris, Madris and Milan.
And that’s all for the week. Phew! We’ll be back on Monday. GW
Eurozone bond prices have risen today, which may show investors remain nervous and are seeking out safer assets.
That’s pushed down bond yields (the rate of return on the bond, which falls when prices rise).
Yields are up over the week, though, as Reuters reports:
Germany’s two-year bond yield was last down 2 bps at 2.385% and was set to end the week 5 bps higher.
Italy’s 10-year yield was down 7 bps at 3.639% and was on track to end the week up 1 bp. The gap between German and Italian borrowing costs stood 4 bps lower than on Monday at 141 bps.
