Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

FTSE 100 Slips Into The Red At Close

ByIG
Published 12/04/2012, 11:46 PM
Updated 01/01/2017, 02:20 AM
UK100
-
TLW
-

Heading into the close the FTSE 100 has slipped into the red, although the overall movement on the day remains miniscule.

The FTSE has been becalmed all day, stuck in a trading range of around 30 points. Yesterday it didn’t even get near 5900 before enthusiasm began to fizzle out, a product of ongoing nervousness surrounding fiscal cliff negotiations in the US. In such an environment, rumours usually flourish, and yesterday was no exception, with downgrade suggestions for Germany, Luxembourg and the Netherlands.

However, even this was insufficient to shake the FTSE from its torpor. Tullow Oil is weighing on the index, after a well off French Guiana failed to find any oil. The company’s plea that the block remains promising fell on deaf ears, with the shares down around 6%.

As December gets underway in earnest, the battle will be between the fiscal cliff optimists and pessimists. For now, the pessimists seem able to hold the market back, on the expectation that further tortuous negotiations are in order. But it would probably only take the merest whiff off positivity to take the market back to 5900, and possibly beyond it.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.