FTSE down in early trading
www.moneynews.co.uk > General finance > FTSE down in early trading
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Money News |
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FTSE down in early trading
Mon 16th Feb 2009
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City Index, a trading platform supplier, said that concerns over the potential nationalisation of the bank meant that its share price would remain in focus this week.
It added that overall share prices may have fallen further on the back of GDP figures published by Japan this morning.
Figures from the Japanese government announced that the world's second-largest economy contracted by 3.3 per cent in the last quarter, revealing a deeper recession than analysts had expected.
City Index, summing up the FTSE situation, said: "There remains a bitter taste in the mouth after HBOS's loss last Friday, Japan's terrible GDP figure and the failure of the G7 to tell the market anything new following their meeting over the weekend."
The FTSE index figures depend on the total share value of the top 100 companies traded on the London Stock Exchange.
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