FTSE 100 slides on triple whammy of worries
The FTSE 100 slid 1.2% to 6822 on Monday morning as widespread negative sentiment hit shares across the board.
The FTSE 100 slid 1.2% to 6822 on Monday morning as widespread negative sentiment hit shares across the board.
The Federal Reserve’s decision announced last night to keep rates on hold has left investors waiting to see the outcome and market impact of the Presidential election before a rate rise is put back on the agenda.
Both of the main candidates in the United States Presidential election have been talking about increasing spending on infrastructure if they win, and investors could profit by targeting the asset class.
Franklin Templeton’s investment teams have adopted a defensive, “buckle-up” attitude to counter populist fervour in developed markets, but remain encouraged by the resilience and relative political stability of emerging markets.