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Evening Standard

Business

City Staff

FTSE 100 Live: Blue-chip index closes down 100 points after Fitch US downgrade, oil price up

Fitch United States

Stock market sentiment has taken a hammering after Fitch removed its top-notch rating on US debt.

The agency’s downgrade to AA+ in the wake of Washington’s latest debt ceiling standoff cast a cloud over Asia shares as well as the FTSE 100 index, which shed 140 points at one point, and cllosed down by 1.36%.

Shares in BAE Systems and Taylor Wimpey weathered the storm after posting well-received half-year figures.

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

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