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Stock markets drop after US credit rating downgraded by Moody’s – business live

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Rolling coverage of the latest economic and financial news

European stock markets have opened a little lower, despite reports of a last-minute breakthrough in talks between the UK and EU over a significant reset to post-Brexit relations.

In London, the FTSE 100 share index has dropped by 38 points, or 0.45%, at 8646 points.

Continue reading…Rolling coverage of the latest economic and financial newsUS credit rating downgrade could add to pressure on government debtEuropean stock markets have opened a little lower, despite reports of a last-minute breakthrough in talks between the UK and EU over a significant reset to post-Brexit relations.In London, the FTSE 100 share index has dropped by 38 points, or 0.45%, at 8646 points. Continue reading…