Industrial stocks continued their descent this morning, dragging the
The capital’s premier index fell 0.31 per cent to 7,200.43 points during the opening session today.
Miners lined the fallers column, with
Concerns that embattled Chinese property giant
“The heavily indebted property developer failed to complete a key asset sale to leave it teetering amid fears of wider contagion from a potential collapse of the business.”
“This hit stocks with Chinese exposure, most notably the mining sector.
Banking stocks also weighed the
The falls came as Barclays posted its strongest ever third quarter year to date profits, driven by a strong performance in its investment banking division.
Other British banking giants have reduced investment banking activity, indicating their third quarter earnings will be weak compared to Barclays.
The mid-cap
The pound weakened 0.22 per cent against the greenback to buy
The post
© City AM, source