FTSE 100 watch: Footsie subdued as risk-off sentiment continues

FTSE 100 watch: Footsie subdued as risk-off sentiment continues
Written by:
Alice Young
24th January 2019
Updated: 11th March 2020

The UK benchmark index has fallen into the red in today’s session, extending the previous session’s losses, pressured by continued Brexit and global growth worries. Investors are also digesting corporate news, including Anglo American’s (LON:AAL) production report which has sent the miner’s shares lower.

FTSE 100 extends fall

As of 12:42 GMT, the Footsie had given up 1.25 points to stand 0.02 percent lower at 6,841.63. Investors have remained on the sidelines this Thursday, amid global growth worries and Brexit concerns which have been weighing on sentiment this week.

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Reuters quoted Gary Waite, portfolio manager at Walker Crips Investment Management, as commenting that with various permutations surrounding Brexit, it is “really impossible to say with any certainty what road we’re going to go down”.

Individual movers

In individual FTSE 100 movers, Anglo American’s share price has given up 1.16 percent to 1,780.00p after the blue-chip miner reported a seven-percent increase in total production on a copper equivalent basis for the fourth quarter of 2018, excluding the effect of the stoppage at Minas-Rio.

Reckitt Benckiser (LON:RB) has been another prominent blue-chip faller after Jefferies lowered its rating on the consumer goods group, saying that it was concerned with the company’s workplace culture, especially after news that chief executive Rakesh Kapoor was stepping down. Reckitt’s shares are currently changing hands 3.39 percent lower at 5,588.00p.

St James’s Place (LON:STJ) meanwhile is trading higher, having gained 2.29 percent to 963.00p so far today, as it reported that its net inflows had climbed in the fourth quarter of its financial year, despite challenging trading conditions.

The FTSE 100 was trading at 6,842.87 points, flat in percentage terms, as of 12:54 GMT on Thursday, January 24, 2018.

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