Ftse Deflates Again As Inflation Fears Hit ; Market Report

Evening Standard - London › May 18, 2006

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Summary

CITY investors had to endure the peaks and troughs of another volatile performance by the stock market today in the wake of yesterday's massive sell-off that saw share prices suffer their biggest one-day loss in more than three years.

The FTSE 100 index traded in a wide band of 100 points which saw it touch 5618.7 - its lowest since January - before settling to trade 15.8 up at 5691.3. The lead indicator has fallen 456 points, or 7.4%, since hitting its high for the year of 6137.1 on 21 April. The fall this week alone is 384 points. Second-liners continued to lose ground with the FTSE 250 index also falling a further 31.7 to 9244.2.

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Ftse Deflates Again As Inflation Fears Hit ; Market Report

Inflation fears and the possibility of further increases in US interest rates sparked the latest sell-off. A bigger-than-expected rise in the April Consumer Price Index ha...

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