FTSE 100 retreats as house builders suffer on broker downgrade

A broker downgrade for UK house builders, mixed economic data from China and wariness ahead of some key US jobs data sent the FTSE 100 lower this morning.

150109-housebuilders

Broker downgrades have sent housebuilders' shares lower and with them, the FTSE 100

A broker downgrade for UK house builders, some mixed economic data from China and wariness ahead of some key US jobs data undermined sentiment in early action, sending the FTSE 100 lower.

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Kam Patel

Kam is a former deputy editor at Hemscott Invest and online editor, City A.M and he was also previously the Digital Editor at IFA Magazine. Kam is currently a senior journalist at The Global Treasurer and contributes to MoneyWeek. Kam shares expertise on the FTSE 100, investing and global stocks.