FTSE declined by 0.6%

London Stock Exchange

The Financial Times Stock Exchange 100 index, fell by 0.6 and has continued to fall lower, bringing immense worry to its investors.

Banking companies that are listed on the index such as HSBC Holdings, Prudential PLC, and Standard Chartered are said to be the main cause of the bearishness of the FTSE.

Other companies that contributed to Footsie’s fall by 0.4% and 0.8% are Miners Anglo American PLC, Glencore PLC, and Rio Tinto.

London Stock Exchange trading experts concluded that the current and intense bearishness of the index is due to high inflation rates which have caused tight range trading in recent times.

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Business Stance

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