What’s going on here?
The FTSE 100 wrapped up the week down 1.8%, with industrial metal miners and energy shares taking a hit.
What does this mean?
The FTSE 100 slipped 0.4% on the final day of the week, marking a sixth straight daily decline and its steepest weekly loss since mid-January. Industrial metal miners and chemical stocks led the downturn, though precious metal miners posted gains thanks to rising gold prices. The FTSE 250 edged up by 0.1%, but is still on track for its largest weekly fall since late July. Despite the losses, the FTSE 100 fared better than European and US indices, with the STOXX 600 and S&P 500 each dropping about 3%.
Why should I care?
For markets: Navigating economic headwinds.
Concerns about a potential US economic slowdown, spurred by weak economic data in early August, weighed heavily on UK shares as they entered September. Investors are closely watching the upcoming US non-farm payrolls report, which…
