But the FTSE didn’t appear overly bothered by the news. It traded within the pink for a part of the day, however was constructive when markets closed, benefiting from a weaker pound.
He added: “The FTSE 100 and other markets have reversed their morning weakness despite the raft of poorer PMIs.
“These have pushed down the euro and sterling, giving European indices their usual modest lift, but ahead of this week’s central bank decisions a view is gathering pace that the period of rising rates is at an end, providing some hope of a market uplift into year-end.”
Meanwhile in Germany the Dax index closed up 0.1%, whereas France’s Cac 40 index dropped 0.1%.
On Wall Street the Dow Jones was buying and selling up 0.5% whereas the S&P 500 had gained 0.4% shortly after European markets closed for the day.
Currency markets noticed the pound drop 0.3% to 1.282 {dollars} whereas it rose 0.2% to 1.157 euros.
In firm news in London , Vodafone stated that its income had fallen 4.8% to 10.7 billion euros (£9.3 billion) within the three months to the top of June.
It blamed a lack of clients during the last 12 months and a half, saying that it had been deserted by broadband, TV and cellular clients.
Yet shares within the telecoms large rose by 3.9% on Monday.
Meanwhile, price range airline Ryanair stated its revenue had nearly quadrupled after a powerful Easter and the influence of the coronation.
The airline, which is now not listed in London, stated after-tax revenue hit 663 million euros (£573.6 million) within the first quarter, in contrast with 170 million euros (£147.1 million) in the identical interval final 12 months.
The largest risers on the FTSE 100 had been Ocado, up 98p to 785p, Vodafone, up 3p to 76.51p, BT, up 2.8p to 125.95p, BP, up 7.9p to 483.7p, and Persimmon, up 18p to 1,187p.
The largest fallers on the FTSE 100 had been Beazley, down 17.5p to 558p, Burberry, down 62p to 2,182p, Hargreaves Lansdown, down 20.2p to 906.8p, WPP, down 16.2p to 811.8p, and Sage Group, down 18.4p to 919.4p.
