FTSE Loses 1% in Early Monday Trading - Forex News by FX Leaders

FTSE Loses 1% in Early Monday Trading

Posted Monday, August 5, 2019 by
Arslan Butt • 1 min read

Early on Monday, FTSE is trading 1% lower as global stock markets experience a sell-off in response to the US-China trade war escalating again. At the time of writing, FTSE is trading at around

On Friday, FTSE 100 lost over 2%, to trade at a seven-week low, immediately following Trump’s announcement of 10% tariffs on an additional $300 billion worth of Chinese imports. The markets are trading with a dominant risk-off sentiment, driving investors away from stock markets and towards safe haven assets like GOLD instead.

Later today, the FTSE could be impacted by services PMI data coming out of the UK. In addition, any further developments on Brexit or the trade war between US and China could also drive some moves in UK’s stock markets.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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