The FTSE 100 has fallen by 0.5% in morning trading on Monday (3 June) amid continued concerns over a trade war between the US and China and threats of American tariffs on Mexican goods, with banks and asset managers among the most affected.
Trump's visit to the UK has also sparked further political controversy, with market shares reflecting uncertainty as future relations between the UK and US are questioned. Ocado Group saw the sharpest decline in in the index with a 3.56% fall (as of 10:30am GMT) but this was closely followed by the likes of Hargreaves Lansdown, St James's Place and Standard Life Aberdeen, which are down by 3.27%, 2.58% and 2.13% respectively. Schroders also saw a fall of 1.82%, with Legal & General Group showing a decline of 1.68%. Banks also appear to be struggling with Lloyds clocking in with a fal...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
