Investors got some respite from selling today after a series of unwelcome statistics for global stock markets in the first half of 2022.
Wall Street’s S&P 500 endured its worst start to a year since 1970 and the tech-focused Nasdaq its worst quarter since the dotcom crash.
The FTSE 100 index fell more than 5.5% in June but is showing resilience today. Fears over slower global growth meant Brent crude fell 5% overnight to $108 a barrel, despite no change in Opec policy as ministers stuck to planned monthly quota increases.
