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FTSE 100 closes 8 points lower Only Nasdaq holds gains, Dow Jones and S&P 500 lower Lloyds weak as JP Morgan downgrades 4.45pm: FTSE 100 flat At the close, the FTSE 100 had staged somewhat of a recovery from earlier in the day to close at 7,454 points. Stocks stayed quiet despite the abortive Russian rebellion, IG’s Chris Beauchamp noted. “An armed rebellion in a G20 state has failed to move markets in any meaningful way, not least because the rebellion itself barely lasted half the weekend," Beauchamp wrote. "While it leaves open the possibility of more disruption, the net effect on markets so far has been limited to say the least. The selling seen on Friday has not had much follow-through, and Q2 may well end on a subdued note despite renewed inflation worries." 3.50pm: Crude unfazed Oil prices were higher on Monday afternoon unfazed by the aborted revolt of mercenaries in Russia over the weekend which is not seen as posing an immediate threat to oil supply from one of the world’s largest producers. UK Brent crude was up 1.3% at US$74.49 a barrel, while US West Texas Intermediate crude (WTI) was ahead 0.2% at $69.26 a […]
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