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FTSE 100 extends seven-month low amid weak sentiment | |
(about 2 hours later) | |
(Open): The UK's benchmark FTSE 100 index begins Thursday trading with further falls, extending Wednesday's seven-month low. | |
Global markets overnight were lower, the Chinese authorities intervened again on the stock market to little effect. | Global markets overnight were lower, the Chinese authorities intervened again on the stock market to little effect. |
The US Federal Reserve on Wednesday gave few hints about when US rates would rise and shares closed down 0.8%. | The US Federal Reserve on Wednesday gave few hints about when US rates would rise and shares closed down 0.8%. |
The FTSE 100 index opened down 34.38 at 6,369.07 points. | The FTSE 100 index opened down 34.38 at 6,369.07 points. |
BAT shares were the biggest faller among the 100 top companies. They went ex-dividend and were 2% lower | BAT shares were the biggest faller among the 100 top companies. They went ex-dividend and were 2% lower |
Kaz Minerals bounced further, up by 16% after Wednesday's 6.50% rise. The company's chief executive said he was "very bullish" on the price of copper, which is currently at six-year lows. This week the central bank of Kazakhstan allowed its currency, the tenge, to devalue this week. | Kaz Minerals bounced further, up by 16% after Wednesday's 6.50% rise. The company's chief executive said he was "very bullish" on the price of copper, which is currently at six-year lows. This week the central bank of Kazakhstan allowed its currency, the tenge, to devalue this week. |
On the currency markets, the pound was flat against the dollar to $1.5674 and dropped 0.09% against the euro to €1.4089. | On the currency markets, the pound was flat against the dollar to $1.5674 and dropped 0.09% against the euro to €1.4089. |