FTSE 100 Falls as US Markets Open Mixed Amid Flat Industrial Production
The UK's FTSE 100 fell sharply on Friday, down nearly 1.2%, while the broader market showed mixed performance in early trading. The index continued to face heavy selling pressure post-noon, with large-cap stocks like banks and energy firms dragging it lower compared to mid-caps such as the FTSE 250. In contrast, US markets opened slightly higher despite flat industrial production data for August. Total output remained unchanged after a modest rise in July, while manufacturing fell below expectations. The Nasdaq led gains with technology stocks performing well. Meanwhile, gold prices hit a one-week high amid easing inflation concerns and regulatory clarity from the SEC boosting crypto assets. The market remains cautious as investors balance lower oil prices against recent Federal Reserve rate hikes and potential for prolonged higher interest rates.
Topics: Dow Jones FTSE 100 industrial production Nasdaq