FTSE News
The Nifty fell on Friday, pulling back after a rally in the previous session.
London stocks plunged around eight percent in opening deals Friday, with share prices of banks and housebuilders collapsing by about a third after Britain voted to leave the EU.
The UK voted to leave the European Union after 43 years in a historic referendum. Leave won by 52 percent to 48 percent votes.
The anti-immigrant, anti-euro FN, was the only major French political party to call for Britons to vote to leave the EU.
London stocks were in the frontline of the fall-out from the vote to leave with FTSE registering over 8 percent losses.
World stock markets tumbled towards their worst week of the year on Friday and commodities had another bruising day .
The video tells about two weeks series looking at the rise and role of indexes in setting market prices around the world.
European stocks ended the week on a high Friday with London`s FTSE surging past the 7,000 mark for the first time in history, after Greece pledged new reform plans and the EU offered two billion euros in emergency aid.
European stocks climbed Friday, with London striking a fresh record peak on takeover news and after Greece pledged new plans to reform its bailout, dealers said.
Europe`s main stock markets diverged at the start of trade on Thursday, as comments by the US Federal Reserve cooled expectations of an early rate hike.
Frankfurt`s DAX 30 index however fell 0.48 percent to 11,923.02 points, while the CAC 40 in Paris edged up 0.12 percent to 5,034.75 points.
IMF chief said there was a 35-40% chance of the eurozone slipping back into recession if action was not taken.
Banks led the losers board in Europe, where London`s benchmark FTSE 100 index was down 0.61 percent at 6,608.78 points in afternoon trade.
Europe`s main stock markets diverged on Thursday in nervous trading, with investors on tenterhooks before an important policy decision by the ECB in Frankfurt.
London`s benchmark FTSE 100 index inched down 0.04 percent to 6,630.28 points and Frankfurt`s DAX 30 dropped 0.15 percent to 9,166.92.
London`s benchmark FTSE 100 index fell 0.14 percent to stand at 6,627.07 points approaching midday in the British capital.
Deflation is such a threat that the European Central Bank has moved into negative interest rates to get cash flowing.
Europe`s stock markets weakened at the open on Friday, with London`s benchmark FTSE 100 index down 0.21 percent at 6,793.75 points.
European markets staged a mild rebound following recent weakness on the back of the Iraq conflict.
Loading...