Banks among the sectors under pressure in Europe, while Wall Street stocks advance
On Wall Street, the S&P 500 and the Nasdaq turned higher in the first hours of trading. Photograph: Angela Weiss/AFP via Getty Images
Britain’s blue-chip FTSE 100 closed down 0.2 per cent, while the mid-cap FTSE 250 fell 0.5 per cent for a second straight session of losses. Insurer and asset manager M&G bucked the downtrend, rising 2.4 per cent and topping the FTSE 100 after analysts at JP Morgan upgraded its rating to “overweight” from “neutral”.The pan-European Stoxx 600 index fell 0.3 per cent, with other regional markets, including Germany’s Dax and Spain’s Ibex down 0.3-0.4 per cent each.
French bond prices also fell, pushing yields on the 10-year note to their highest level in more than six months after Eurosceptic nationalists made gains inOn Wall Street, the S&P 500 and the Nasdaq turned higher in the first hours of trading, while the Dow was flat as investors remained wary ahead of a key inflation reading as well as a Federal Reserve meeting this week, which could provide clues on the central bank’s policy-easing path.rose 1.
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