Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and only takes a minute.

FTSE slips lower after US budget deal

FTSE slips lower after US budget deal
The FTSE 100 followed Wall Street shares lower as investors worried about the end of US stimulus.

Comments this week from Fed officials have raised expectations that the US Federal Reserve could indeed start 'tapering' back its $85 billion (£52 billion) a month stimulus scheme when its FOMC committee meets next week.

News that US Congress last night struck a budget deal to prevent another damaging government shutdown adds to the argument for Fed action.

Britain's FTSE 100 fell 0.1% to 6,516. Normally Wednesday markets are slightly constrained by companies trading ‘ex-dividend’ but of FTSE 100 stocks only Babcock was trading without its dividend appeal.

At the end of today the London market will look different, with FTSE set to announce its quarterly review after markets close this afternoon. Among changes, Royal Mail is expected to take a place on the FTSE 100.

In Italy, there will be a confidence vote in parliament on Wednesday to confirm prime minister Enrico Letta’s new majority.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter