Bearish
FTSE 100 closes 1.4% lower at 10,659.13 amid financial sector declines
The FTSE 100 index declined by 1.4% to close at 10,659.13 points, primarily due to significant losses in financial stocks. Banks, including Lloyds and HSBC, experienced declines of 2.9% and 1.6%, respectively, contributing to the overall downturn.
Key points
- Financial stocks led the decline, with banks losing 2.1% and energy companies down 0.8%.
- Despite the drop, the FTSE 100 recorded a small weekly gain.
- The midcap FTSE 250 index finished 0.6% lower on the day but still recorded its sharpest weekly rise since early August.
Sources
AI-generated from public news sources. Not financial advice.
