FTSE expected to continue share trading decline

Date: 30 July 2010, 09:06
 
Falls on stock markets in the US and Asia are expected to cause the FTSE 100 to open lower today.
Alt News Text The FTSE is expected to begin lower today
 

The FTSE 100 is expected to continue the decline seen yesterday (July 28th) by opening lower this morning.

Reuters reports the index is seen losing as much as 0.7 per cent when trading begins, following falls on US and Asian indices.

Yesterday, the FTSE finished 5.73 points lower on 5,313.95 points despite gains from firms including BT and BAE systems, which both released financial results.

Four of the five listed banks ended in negative territory, with only Royal Bank of Scotland finishing higher.

And today's trading is likely to be influenced by US economic data, with figures from the government expected to realise growth in the country slowed in the second quarter.

The statistics are due to be published at 13:30 BST and a survey by the news agency indicated gross domestic product growth is likely to have expanded at an annual rate of 2.5 per cent, 0.2 percentage points lower than in the first quarter.

Posted by Adam Howard
 
 
 

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