FTSE Loses 1% in Early Monday Trading
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
Arslan Butt•Monday, August 5, 2019•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
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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