Monday, July 2, 2007

FTSE down on US sentiment; BoE rate verdict eyed

(Reuters) - The FTSE 100 of Britain's leading shares edged down 0.2 percent on Monday after U.S. stocks fell on Friday on concerns about the impact of tightening credit on takeovers and the subprime mortgage industry.

At 0730 GMT the FTSE 100 was down 13.5 points at 6,594.4, with many investors looking to euro-zone and UK manufacturing PMI data from 0800 GMT for further market direction.


Read more at Reuters Africa

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