FTSE 100 falls as bond market concerns weigh on stocks
Summarised from 4 outlets · 5 reports · Updated 2 Oct, 11:56 · Archive
The FTSE 100 declined amid concerns over bond markets and rising government borrowing costs.
The FTSE 100 declined on the day as bond market concerns spread across European markets. Western government borrowing costs rose to multi-decade highs, triggering a continent-wide sell-off in bonds that affected London's blue-chip index.
City AM reported the index suffered its biggest single-day drop since May, with the FTSE 100 down two per cent in early trading and erasing all gains from the third quarter. Independent Business reported the index ended down 48.17 points, or 0.5%, at 10,636.71. However, another Independent Business report gave a different closing figure of down 177.73 points, or 1.7%, suggesting conflicting end-of-day data between the outlets.
Lower oil prices partially offset the losses, according to multiple reports, but bond market concerns ultimately dominated trading.
How it is being reported
- Stocks slump as bond market worries biteThe FTSE 100 index ended down 177.73 points, or 1.7%.Independent Business · 1 Oct, 17:22
- FTSE 100 tumbles amid bond market sell-offFTSE 100 tumbles amid bond market sell-offThe Telegraph · 1 Oct, 16:51
- FTSE 100 suffers worst single-day sell-off since MayThe FTSE 100 has suffered its biggest single-day drop since May as European markets are hit by a continent-wide rout in the bond markets, which has pushed pushed western government borrowing costs to multi-decade highs. London’s blue-chip index dropped by two per cent in early trading, erasing all its gains from the third quarter in [...]City AM · 1 Oct, 11:38
- FTSE 100 falls as bond worries offset lower oilThe index ended down 48.17 points, 0.5%, at 10,636.71.Independent Business · 29 Sept, 17:50
- FTSE 100 falls as bond worries offset lower oilThe index ended down 48.17 points, 0.5%, at 10,636.71.Evening Standard · 29 Sept, 17:50
In this story: FTSE 100 · Europe · London
This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem · Corrections log
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