Friday's market movers and shakers
Poor results from Amazon overnight hit sentiment this morning and the FTSE 100 was down over 1% in early trading. Disappointing results from NatWest (see later) didn’t help. However, some stronger figures on US consumer spending provided some reassurance and the FTSE 100 ended the day only 0.37% down at 7,047. The FTSE 250 was 0.9% down at 17,916.
The pound continued its week-long rise, gaining a further 0.2% to reach almost $1.16.
In the movers today we look at how ASOS has been hit by Amazon’s weak numbers, and we consider two pieces of good news for drugs giant GSK.
Ed Bowsher
28 October 2022
Features
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