FTSE falls as investors shun risk, with Standard Life hit by downgrade

Discussion in 'Market News' started by Lily, Jun 10, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Not one riser in leading index on concerns about world economy and Brexit risk

    Leading shares are continuing their slide after overnight dips in the US and Asia, with not a single riser currently in the FTSE 100.

    A weaker oil price - Brent crude is down 1% at $51.38 - has hit commodity stocks, with BP down 3.6p at 370.55p as it unveiled a deal to merge its Norwegian assets with those of Det norske.

    The FTSE 100 was firmly down in early trading after US and Asian markets retreated overnight on weakening oil and wider commodity prices and with Brexit uncertainty growing ahead of the EU referendum.

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