FTSE 100 Live 17 December: Wage growth rebounds, bowling firm reveals NI cost impact Any lingering hopes of a pre-Christmas cut in interest rates were dashed today by figures showing an acceleration in wage growth.
The FTSE 100 index hit a record of 8474 in May but trends since then have been disappointing, with the top flight down by 0.8% or 62.87 points to 8199.18 in today’s session.
The contrast with tech-focused New York was on show again today as old economy stocks dragged the FTSE 100 index to a one-month low.
The strength of Magnificent Seven companies including Tesla and Amazon meant the S&P 500 index rose 0.4% to the brink of record territory.
Demand fears caused by the uncertain outlook for China’s economy meant commodity-focused stocks were among today’s heavy fallers.
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