FTSE runs out of steam.
Investors Chronicle - magazine and web content, September, 2007
Shares are off the bottom, but all eyes are now on Wall Street Jonas Crosland
Leading shares recovered this morning to touch positive territory for a while, but by lunchtime the FTSE100 index had drifted back to show a loss of 6.4 points at 6,308.8, although this is some way above the 40.3 point loss it was nursing in the first hour of trading. Mid-cap stocks remain in favour however, and the FTSE250 index was up 45 points at 11,403. Trading has recovered too after yesterday's quietest session of the year, with volume up at GBP1bn by lunchtime.
Banking and financial stocks were hit initially by a bout of profit taking, FT.com reports, after their recent sustained recovery. Standard Chartered lost 2 per cent to GBP15.23, Lloyds TSB fell 1.4 per cent to...
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