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Growth Fears Hampering FTSE 100

Tuesday, 18th December 2018
UNDEFINED

The UKís leading index has seen lower intraday trading levels, but until Tuesday evening it had always managed to recover before the end of the trading day. There were some significant price drops hampering the index on Tuesday, however, with National Grid down by 9%, and energy companies BP and Royal Dutch Shell also struggling, thanks in part to a fall in oil prices.

Tech, health care and telecoms companies also struggled, and consumer-focused companies were not immune to the difficulties.

The pessimism was not limited to the FTSE 100. European stock markets also struggled, and the US markets got off to a poor start as well. Investors worldwide fear that the global economy is weakening. The difficulties have led Reuters to speculate that this could be the worst December in the history of Wall Street since the Great Depression.

Oil has dropped to below $48 a barrel for the first time since September 2017, and traders fear that there will not be a recovery on the horizon in the new year. Trump has urged the Fed to not raise interest rates, and he has said that he is not happy about plans for quantitative tightening. All eyes will be on the news from the Fedís meeting over the next couple of days.



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