Market numbers: Friday 5th August 2011
- Julia Docker
- Aug 5, 2011
- 1 min read
The FTSE 100 index of leading UK company shares finished the week at 5,246.99, down 146.15 points or -2.71% on the day and down 568.2 points (-9.77%) over the week.
The index reached an 11 month low today with real pressure on banking stocks due to fears about a spreading eurozone debt crisis and global economic downturn.
This was the first time the FTSE 100 has recorded three consecutive days of triple digit declines since September 2008, following the demise of Lehman Brothers in the US. Around £149bn has been wiped off the value of leading UK company shares this week.
Over a year the FTSE 100 has fallen from 5,365.80 (down 118.81 points or -2.21%).
£1 is currently worth $1.63620 US or €1.14730 Euros.
Brent Crude Oil Futures is currently priced at $108.90/barrel. Gold is $1,658.75/ounce and Silver is $39.24/ounce.
The UK Bank Rate is 0.5% and CPI inflation was 4.2% for the year to June 2011.