The FTSE closed down today with investors in a cautious mood for most of the day ahead of a G7 meeting this weekend. It ended 0.3 per cent lower at 7,681.07 points. Markets fell as Donald Trump said Vladimir Putin should attend the summit in La Malbaie in Quebec, Canada. Russia was expelled from what was then known as the G8 in 2014 following its annexation of Crimea. Trump told reporters before he left Washington that Russia should “have a place at the negotiating table” despite its actions against Ukraine. Other tensions over Trump’s trade policies against China and the EU, in which he has threatened to impose higher tariffs on certain goods, have also led to a war of words before the summit which the UK, Canada, the US, France, Germany, Italy and Japan will attend. Meanwhile, currency traders reacted with alarm to comments by the EU’s chief negotiator Michel Barnier, who said the EU’s backstop for Northern Ireland could not apply to the whole of the UK. His comments have seen the pound fall 0.12 per cent against the dollar at $1.3404 at market close. Top risers and fallers BT started the day as the top riser following… Read full this story
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