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Romain Fournier

Chief Editor
Having worked in the British, French and Swiss financial press, Romain is able to report on local and international issues, as comfortable in French as in the language of Shakespeare, Romain Fournier leads the editorial team at Marketscreener. Fine connoisseur of the English-speaking markets, Romain delivers an editorial every day on US and UK markets.

FTSE 100 drops on inflation worries

09/28/2021 | 05:07am EDT

Inflation worries are surging again, with gas and oil prices soaring, while yields on U.S. ten-year Treasury bonds are slightly up. The Brent above $80 a barrel. Talks of an energy crunch are everywhere. The FTSE 100 fell 0.4% this morning.

Today, many central bankers are expected to speak, including Fed Chair Jerome Powell, Andrew Bailey from the Bank of England's and Christine Lagarde from the ECB. Bailey said yesterday that interest rates could be raised before the end of the year to curb inflation.

There are some good news, however, as the People’s Bank of China (PBOC) said Monday in a statement that it would “safeguard the legitimate rights of housing consumers”, in reference to Evergrande, which looks likely to default on its debt.

Biggest movers on the FTSE 100 include Smiths Group, which is up 3.1% after it said that sales growth should be back to pre-coronavirus levels and confirmed the sale of its medical devices division.

Meanwhile, Rolls-Royce and Sage fell the most.


Things to read:

Why Britain and France Hate Each Other (The Atlantic)

Fed official warns of ‘extreme’ market reaction unless debt ceiling raised (Financial Times)

Climate Policy Meets Cold Reality in Europe (WSJ)

ę MarketScreener.com 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / EURO (AUD/EUR) 0.13% 0.64853 Delayed Quote.2.43%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.31% 0.75339 Delayed Quote.-2.64%
BANK OF CHINA LIMITED -0.36% 2.76 End-of-day quote.4.15%
BRITISH POUND / EURO (GBP/EUR) -0.21% 1.18444 Delayed Quote.5.95%
BRITISH POUND / US DOLLAR (GBP/USD) -0.07% 1.37562 Delayed Quote.0.65%
CANADIAN DOLLAR / EURO (CAD/EUR) 0.38% 0.698631 Delayed Quote.8.12%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.53% 0.81111 Delayed Quote.2.86%
EURO / US DOLLAR (EUR/USD) 0.14% 1.16136 Delayed Quote.-4.96%
FTSE 100 -0.33% 7253.27 Delayed Quote.12.65%
INDIAN RUPEE / EURO (INR/EUR) -0.23% 0.011486 Delayed Quote.2.39%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.11% 0.013339 Delayed Quote.-2.72%
LONDON BRENT OIL -1.56% 84.69 Delayed Quote.66.23%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.25% 0.71862 Delayed Quote.-0.20%
SMITHS GROUP PLC -0.21% 1396.5 Delayed Quote.-6.98%
US DOLLAR / EURO (USD/EUR) -0.14% 0.861052 Delayed Quote.5.22%
WTI -1.75% 82.802 Delayed Quote.73.92%