FTSE 100 Flat at Start of the Week

MONDAY MARKET UPDATE: It was a quiet trading day in the UK, and US markets were subdued as a result of Veterans Day

Alanna Petroff 12 November, 2012 | 6:24PM
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The trading week got off to a quiet start on Monday as Americans observed Veterans Day and investors waited to see if the next round of meetings amongst European leaders might bring any signficant announcements.

While both the FTSE 100 and FTSE 250 had been rising in the morning, they dipped down slightly by the close of the day. The FTSE 100 edged back by 2 points to close the day at 5,767, which is essentially unchanged from Friday's close. The FTSE 250 index fell back by 39 points, or 0.3%, to close at 11,803.

The markets were rather placid at the start of the week, but FOREX.com's research director, Kathleen Brooks, says that it's a "big week" for the eurozone and it all kicks off with a late Monday afternoon meeting in Brussels between finance ministers from the eurozone.

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About Author

Alanna Petroff

Alanna Petroff  is a financial journalist with Morningstar UK.

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