London’s FTSE 100 open six points higher at 8,251 despite the heavy falls seen for tech shares on US markets overnight.
Nvidia fell by 6% having briefly become the world’s largest company when trading started while Apple dropped 1%.
Worries over US interest rates were said to be the reason for the jitters.
Here, banks were lifting the blue-chip index despite a mixed update from Shell. The oil giant trimmed its fourth-quarter outlook for its gas division and said earnings for its chemicals and marketing arms would be “significantly lower”. Shares fell by 1.7%.
No longer UK-listed but still with a big presence here bookie and Paddy Power owner Flutter has lost nearly US$400 million due to what it said was the most unfavourable run of American Football results in twenty years.
Finally, Hornby’s Christmas sales were described as robust by the toy train maker with a rise of 7% which is well above the average for the retail sector generally.
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