The FTSE 100 fell 0.85% or 46.36 points to 5,392.83 this morning with Barclays among the biggest losers.
Investors are wait to see how Wall Street reacts to President Obama's infrastructure plans, including an initial $50bn injection. The US market will reopen this afternoon after being closed yesterday due to the Labor Day public holiday. In London, Barclays was one of the biggest losers following the announcement chief executive John Varley is to be replaced by Bob Diamond. Its shares shed 3.69% to 310.95p. Other fallers on the index include Man Group, down 4.33% to 225.2p, while Eurasian Natural Resources fell 2.57% to 853p. Meanwhile, Invensys led risers, advancing 4.39% to 261.6p...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
