FTSE on the back foot

The FTSE 100 Index was forced onto the back foot today after stocks were dealt a late blow by poor economic news from the US.

FTSE on the back foot
Fri, 01 Aug, 2008 - 18:38

The FTSE 100 Index was forced onto the back foot today after stocks were dealt a late blow by poor economic news from the US.

The London market trod water for much of the day but turned lower as jobs, manufacturing and construction figures painted a gloomy picture of the world’s largest economy and sent Wall Street to early losses.

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