FTSE 100 drops amid global selloff after U.S. jobs report By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 13 2025
0mins
Source: Investing.com
Market Decline: British equities fell on Monday amid a global selloff, influenced by a U.S. jobs report suggesting the Federal Reserve may not cut interest rates this year; the FTSE 100 and FTSE 250 dropped by 0.4% and 0.3%, respectively.
Sector Performance: While most sectors declined, the energy sector rose by 1.2% due to increased crude oil prices, which negatively impacted airline stocks, contributing to a 1.3% drop in the travel and leisure sector; upcoming inflation figures and UK GDP estimates are anticipated.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
