European markets join FTSE in the red as US stocks remain volatile
Source - SMW
The global correction spread to the European markets on Tuesday as the DAX in Germany toppled 1.9% to 12,440.
In the UK, the FTSE 100 remained weak as investor sentiment remained negative. The index closed 2.6% lower at 7,141.
On Wall Street, see-saw markets saw losses then gains then losses again, leaving the S&P 500 trading 0.4% lower at 2,637 around 4:45pm UK time.
The Dow Jones and Nasdaq were down by around 0.5%.
Miners were one of the few sectors to make any gains in London with Antofagasta (ANTO) leading the way with a 0.5% rise to 921.4p. It was followed higher by Anglo American (AAL) and Randgold Resources (RRS).
Brent crude oil fell 0.8% to $67 per barrel. Copper retreated 1% to $3.18 per pound and gold nudged 0.2% lower to $1,329 per ounce.
MID AND LARGE CAP RISERS AND FALLERS
Popular investor Neil Woodford fuelled rumours that Capita (CPI) might be a takeover target, triggering a 13.4% share price rally to 197.4p.
A significant management re-shuffle at Investec (INVP) was received well by the market as the shares jumped 3.8% to 558.8p.
Midcap IT infrastructure provider Softcat (SCT) revealed it is anticipated to 'slightly exceed' previous full year expectations, pushing the shares 0.6% higher to 521p.
Investors were disappointed with online grocer Ocado (OCDO) after missing forecasts with flat full year core earnings, causing the stock to decline 3.2% to 476.5p. The company also said it plans to raise £140m for further growth.
Oil major BP (BP.) beat fourth-quarter analyst expectations but could not fight off the wider negative sentiment and slid 1.4% to 475p.
Stagecoach (SGC) declined 5.7% to 137p after the UK government confirmed its East Coast franchise would end earlier than expected after the firm messed up the numbers. This had a negative read across for Southeastern franchise owner Go-Ahead (GOG), which fell 4% to £14.62.
Engineering outsourcer Babcock (BAB) cut its sales forecast for the 2018 full year to between £5.3bn and £5.4bn amid a tough trading environment. Shares in Babcock fell 4% to 626.2p.
SMALL CAP RISERS AND FALLERS
Kimberly Enterprises (KBE) plummeted by 40.4% to 0.03p on its penultimate day of trading on AIM.