Recovery concerns cause sluggish start for blue-chips
Subdued trading throughout the day saw the FTSE 100 Index lose 46.4 points to close below the 4200 mark at 4180.9. Shares had risen sharply in the last month but concerns about the state of the global economic recovery have since dented progress.
US markets were closed yesterday, adding to the lacklustre feel, and many traders were concerned Wall Street would continue its own downward path when it reopens. Scott Longley, trading analyst at IG Index, said there were signs the Dow Jones Industrial Average may drop 60 to 70 points today.
