FTSE Falls on Economic Concerns and Travel Sector

Leading shares continued their volatile week, falling for the second day running, but ending off their worst levels.

Ahead of the US Federal Reserve minutes and the start of the US reporting season with Alcoa, investors remained concerned about prospects for the global economy in the wake of poor German data on Tuesday and the IMF cutting its growth forecasts. Weak Chinese service sector data did not help matters.

The troubles in Ukraine and Iraq also unsettled the markets, while the spread of the Ebola virus to Spain continued to hit the travel sector.

via The Guardian

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza