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Evening Standard

Business

City Staff

FTSE 100 Live: Gilt yields approach mini-Budget level; City sees 5.5% interest rates; FTSE closes down 0.7%

Germany Recession

Germany’s slide into recession added to pressure on European markets today as the FTSE 100 index endured another session in the red.

A mixed reception to corporate results from Johnson Matthey, Tate & Tyle and United Utilities added to the uncertain mood after Wednesday’s hammering for London stocks due to concerns over a potential US debt default.

The biggest cheer came from US-listed semiconductor giant Nvidia, which last night revealed a stronger-than-expected start to the year.

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