Falls in US have knock-on effect on Footsie

The Footsie index of 100 leading stocks has been subdued by falls in US markets overnight, sliding by 35.2 points by mid-morning.

Falls in US have knock-on effect on Footsie
Thu, 01 Mar, 2001 - 12:01

The Footsie index of 100 leading stocks has been subdued by falls in US markets overnight, sliding by 35.2 points by mid-morning.

The index stands at 5882.7 after US Federal Reserve chairman Alan Greenspan dented hopes of an immediate interest rate cut, and both the Dow Jones Industrial Average and the technology-dominated Nasdaq lost ground.

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CourtsPlace: USPerson: Alan GreenspanOrganisation: FootsieOrganisation: US Federal ReserveOrganisation: NasdaqOrganisation: London Stock ExchangeOrganisation: Royal Bank of ScotlandOrganisation: NatWestOrganisation: MisysOrganisation: Telewest CommunicationsOrganisation: Colt TelecomOrganisation: VodafoneOrganisation: BTOrganisation: PsionOrganisation: DurlacherOrganisation: BAE SystemsOrganisation: BarclaysOrganisation: Lloyds TSBOrganisation: Abbey National
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