{"id":115659,"title":"FTSE 100 Drops to Lowest Level in Three Months Amid Share Sell-Off","publisher":"Share Talk","author":"sharetalk","published":"2024-07-25T08:16:15+00:00","modified":"2024-07-25T08:16:15+00:00","canonical_url":"https://www.share-talk.com/ftse-100-drops-to-lowest-level-in-three-months-amid-share-sell-off/","markdown_url":"https://www.share-talk.com/ftse-100-drops-to-lowest-level-in-three-months-amid-share-sell-off.md","json_url":"https://www.share-talk.com/ftse-100-drops-to-lowest-level-in-three-months-amid-share-sell-off.json","category":"B2B","categories":["B2B","Blogs","Business & Support Services","Technology","Technology, Media & Telecoms"],"tags":["Bank of England","banking","BARC","Barclays","Benchmark","BoE","buyback","Chancellor","childcare","CME Group","consumers","Coverage","CS Venkatakrishnan","domestic","energy bill","England","FCA","Fed","Federal Deposit Insurance Corporation","Federal Reserve","FREE","FTSE 100","FTSE 250","FTSE100","futures","Goldman Sachs","household","HSBC","HSBC Holdings","Inflation","investors","Jeremy Hunt","Legal & General","lending","Lloyds Banking Group","London","midcap index","NatWest Group","Ofgem","pandemic","price cap","Prime Minister","program","Prudential","Qatar","Regulators","Rishi Sunak","SEC","Serious Fraud Office","share","Share Talk","ShareHolders","silicon valley","Silicon Valley Bank","SIVB","SVB","The Bank of England","Traders","Treasury","UK","Underground","USA","Wall Street"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/12/FTSE-100-11_12_23.jpg?fit=1200%2C800&quality=89&ssl=1","format":"news","language":"en-GB","content":"The FTSE 100 fell to its lowest level in nearly three months as the global share sell-off reached Europe.\n\nThe blue-chip index dropped 0.8%, while the mid-cap FTSE 250 decreased by 1%.\n\nPrecious metal miners led the declines, falling as much as 5.2%, with gold miners Fresnillo and Endeavour Mining each slipping over 3% as spot gold prices plummeted.\n\nInvestor sentiment globally was dampened after tech giants Alphabet and Tesla disappointed, resulting in significant losses on the Nasdaq and the S&P 500 on Wednesday.\n\nIn the UK, Centamin fell as much as 9.7% to the bottom of the FTSE 250 following the announcement of its interim results and an unchanged outlook for 2024.\n\nEnergy companies dropped 1.4%, and industrial miners declined up to 1.8% in line with falling oil and copper prices.\n\nRentokil shares declined 6.2% after the pest-control company released its interim half-yearly results.\n\nThe personal care, drug, and grocery sector was the only outlier, gaining up to 4.2%, as Unilever, the maker of Dove soap, climbed as much as 7.1% after exceeding profit estimates for the first half of the year."}