AJ Bell investment director Russ Mold said on Friday morning that “investments continue to navigate the turbulent and muddy waters” after bounced late Thursday. I was struggling just to float.
The index fell 0.39% to 6,992 on Friday morning.
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“This week’s extreme volatility in Bitcoin has added to existing concerns such as inflation and pandemics that have hindered stock market progress in 2021,” Mold added.
In more positive news for the UK economy, retail sales exceed expectations and highlight the shift from online to physical shopping.
FTSE 100 Top Mover
Weir Group (1.45%), BT Group (1.13%) and Antofagasta (1.03%) are top risers for the FTSE 100 on Friday mornings.
Meanwhile, Kingfishers (-3.30%), British Land Co. (-2.57%) and Land Securities Group (-.168%) have lost their positions the most.
