The Dow Jones and S&P both received shock losses in late trading as news reports of a shooting in Canadian Parliament entered the market. The news unnerved investors, with the Dow Jones index falling 0.92% late in trade to end the session at 16,461.32. The S&P closed the session 0.73% lower at 1,927.11.
The FTSE ended the trading session higher, led by motor insurers and drug maker GlaxoSmithKline (GKS). Motor insurers were boosted by news of an increase in car premiums and GSK raised its earnings result. The FTSE closed the session 0.43% higher at 6,399.73.
Crude Oil has lost further ground overnight and has closed at a 2 year low. For the second week in a row, data showed an increase in the US Oil stockpiles. Trading for Oil was choppy as dealers and traders tested last week’s low. Inventories of Oil rose 7.11 million barrels, a further 2.7million more barrels than what was expected.
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