After five day's of gains London's FTSE 100 is lower amid new oil price weakness.
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US stocks sank at midsession on Wednesday after the latest official oil inventories took oil prices south
FTSE 100 shed seven points to 6,844 with falls evenly spread across the board.
Range trading bourse after giving back fresh record highs
Investors cautious on Monday following a burst of optimism
Miners drove the Footsie higher in early deals but fags makers BATs and IMPs were puffing along towards the back of the Footsie field
US stocks stormed higher at midsession on Friday, with the S&P 500 and mid-cap S&P 400 both chalking a fresh record high after non-farm payrolls in July hugely outstripped expectations
Investors are not waiting around for this afternoon's US jobs report and have dived in after yesterday's rate cut by the Old Lady of Threadneedle Street
Market sees positive activity following unexpected rate cut.
The FTSE 100 Index responded to the interest rate cut by rising 89.9 points to 6724.32
Investors seem cautiously optimistic on Wednesday as markets get a lift
The FTSE 100 Index extended losses to stand 13.36 points adrift at 6632.04
US stocks faced a significant drop-off on Tuesday as the low status of oil continued to cool markets. Oil was below $40 by mid-day. This followed a downward trend in international markets such as Germany and Japan, with some commentators noting that the market was taking a break from a heady rally in recent days
Shares in BP and Royal Dutch Shell were on the slide
US stocks were soft at midsession on Monday as manufacturing output data underwhelmed and oil fell below $40 a barrel
The FTSE 100 Index lost hold of a 25-point gain to stand 17.5 points adrift at lunchtime