FTSE 100 falls to six-month low as fears grow over US interest rates
by Richard Partington Economics correspondent from Economics | The Guardian on (#40Q4G)
Index closes below 7,000 for the first time since March after challenging week
The FTSE 100 has dropped below 7,000 for the first time in more than six months as stock markets around the world remained under pressure amid the fear of rising US interest rates.
The index of UK blue-chip shares closed 11 points lower on Friday, taking it below the 7,000 milestone for the first time since March to finish the week at 6,995.91. After a closing peak of 7,877 in late May, the FTSE has now lost more than 10% of its value - the definition of a market correction.
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