Equities in Turmoil but Footsie Proves Resilient ; Market Report
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Summary
WITH many of their number ensconced at Lords watching England suffer at the hands of the Australian cricket team, dealers looked forward to a lazy summer day. But it wasn't to be. The market was rocked in midmorning when the Chinese government announced a revaluation of the national currency, the renminbi.
A few hours later, there were the security incidents on the London Underground. But shares showed remarkable resilience to the latest attacks on the capital. The FTSE 100 was 25 points in the black before news of the bombing sent the blue chip index 35 points lower.See the full content of this document
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Equities in Turmoil but Footsie Proves Resilient ; Market Report
Dealers, with one eye on the 24-hour news channels and the other on the cricket, managed to pull prices from the lows, leaving the Footsie 6.4 points higher at 5221.6 by the close. 'We'v...
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