#Ftse

Dan Coatsworth, head of markets at AJ Bell, said the ‘AI story has all been about speed, and now there is a danger of it moving to a lower gear, and some of the wheels falling off’

The Chancellor’s statement and US and Canadian rates decisions were weighing on investors.

The yield on UK 10-year gilts traded at 5.07%, cooling from 5.10% the day before.

US large-cap index is up about 250% over the last ten years, compared to a 70% gain for the FTSE 100 and a measly 35% gain for the FTSE 250. Read more here.

From Independent RSS Feed: London stocks drift lower as Middle East tension simmers

The oil price fell back amid continued hopes for a peace deal between the US and Iran.

From Independent RSS Feed: FTSE 100 closes lower as drugs firms GSK and AstraZeneca struggle