UK shares end lower amid lingering global growth woes
(Il Sole 24 Ore Radiocor) - London, 06 Sep - Shares in London closed lower, extending recent losses, as data from the US and the eurozone rekindled concerns over slowing global economic growth.
A stronger pound also weighed on the blue-chip index, denting future profit prospects of big multinational companies.
In the US, he eagerly awaited August jobs report showed that hiring slowed, confirming that the labor market in the world's largest economy is softening.
Also weighing, data showed that the eurozone economy grew at a slower pace than previously thought in the second quarter of 2024.
Next week, UK employment and wage data and economic growth figures will be released The London FTSE 100 closed down 0.73% at 8,181.47 points.
AAA-Zap
(RADIOCOR) 06-09-24 18:17:30 (0578) 5 NNNN