• FTSE 100 hits five-month low amid global economic concerns

  • Aug 5 2024
  • Length: 1 min
  • Podcast

FTSE 100 hits five-month low amid global economic concerns

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  • Summary

  • The FTSE 100 fell to a five-month low as trading commenced on Monday, driven by global concerns over a potential slowdown in the US economy. Shares of Rolls-Royce experienced a decline, partially reversing last week's gains following reports that the company is considering selling a stake in its mini nuclear power division. Other notable fallers included Melrose, Entain, Barclays, and NatWest, as the global sell-off, triggered by Friday’s weak US job report, continued. Separately, Wingstop, a chicken chain, has engaged Goldman Sachs to assist in finding prospective buyers for its UK operations. Additionally, Air Astana, which recently debuted in London, saw its shares slip despite announcing record half-year passenger figures, bolstered by its Chinese routes. #ProactiveInvestors #FTSE100, #StockMarket, #RollsRoyce, #Melrose, #Entain, #Barclays, #NatWest, #MarketSellOff, #USEconomy, #Wingstop, #GoldmanSachs, #AirAstana, #LondonStockExchange, #GlobalEconomy, #StockDecline, #EconomicConcerns, #MarketTrends, #FinancialNews, #UKStocks, #TradingUpdate #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
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