Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: Blue-chip index closes down 100 points after Fitch US downgrade, oil price up

Stock market sentiment has taken a hammering after Fitch removed its top-notch rating on US debt.

The agency’s downgrade to AA+ in the wake of Washington’s latest debt ceiling standoff cast a cloud over Asia shares as well as the FTSE 100 index, which shed 140 points at one point, and cllosed down by 1.36%.

Shares in BAE Systems and Taylor Wimpey weathered the storm after posting well-received half-year figures.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.