FTSE 100 slides to two-month low as NatWest drags on banks

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FTSE 100 slides to two-month low as NatWest drags on banks
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London’s top index moved 0.86%, or 63.29 points, lower to finish at 7,291.28.

Michael Hewson, chief market analyst at CMC Markets UK, said: “It’s been another difficult week for European equity markets with most of the weakness being driven by disappointment over earnings as well as guidance downgrades, amidst concern over the outlook for demand as we head into the final quarter of this year.

In the US, the markets were more mixed with a better-than-expected set of figures from Amazon supporting tech stocks. The pound was up O.2% at 1.215 US dollars and was 0.06% lower at 1.147 euros at market close in London. Shares in Trainline made gains after the travel booking platform was buoyed by an upgrade from brokers at JP Morgan Cazenove. It climbed 22p to 253.2p.

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