FTSE 100 Closes June In The Red

Global financial news witnessed the FTSE 100 index closing in the red at the end of June. Many investors believe that the ongoing tensions caused by the US-China trade war played a significant role in this. It eventually closed on Thursday 27th at a price of 7,402 which was down around 14 points. This was in contrast to the FTSE 250 which actually made gains over the same period to finish at a price of 19,314.

Political Tensions To Blame

As noted above, many blame political tensions for having a negative impact on the way this index performed. This is not solely down to the upcoming meeting of President Trump with China’s Xi Jinping though. There is also the upcoming G20 meeting taking place which seems to have unsettled the market too. The US-China war does seem to be the major problem though, with no one sure exactly how Saturday’s talks will go. It is thought that the trade war has reached a truce, but the US still apparently has concerns over security around Chinese tech firm, Huawei.

Kingfisher Did Well

Although the whole index was down by close of trading, some individual shares did well. Retailer Kingfisher, for example, gained over 4% on their price after news emerged of Thierry Garnier becoming their new CEO. E-Therapeutics Ltd also had a good day, which saw their share price shoot up by over 30% in the late afternoon session. This was down to Woodford Investment Management clearing their need to liquidate assets. It was not all good news though for individual FTSE 100 companies.

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