Previous close | 17,201.27 |
Open | 17,144.12 |
Volume |
Day's range | 17,109.57 - 17,438.83 |
52-week range | 14,794.16 - 20,361.03 |
Avg. volume | 2,666,844,303 |
The FTSE 100 outperformed against its European and US peers on Thursday, hitting a new high for the third session in a row.
Stocks snapped a three-day winning streak on Thursday as disappointing forecasts from Facebook and Instagram owner Meta hammered the tech sector, while FX markets watched Japan's yen sink through 155 per dollar for the first time since 1990. Tepid U.S. GDP data pushed Wall Street lower at its open [.N] but with more 'Big Tech' earnings scheduled for later it was Meta's slump that soured the mood the most. Japan's tech-heavy Nikkei then slid 2%, followed by a 1% slide in European tech, as dealers seemed to forget all about the previous day's Tesla-driven optimism.
Asian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares, while the yen's slump past 155 per dollar for the first time since 1990 raised the spectre of intervention from Tokyo. The predictable hit to Asian tech stocks took MSCI's broadest index of Asia-Pacific shares outside Japan down 0.7%. Japan's Nikkei slid 1.3%, while China stocks also fell, with the blue-chip CSI300 index down 0.3% and Hong Kong's Hang Seng Index 0.5% lower.