Today's data summary

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% change
As of 21:22 05 Jul 2020

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FTSE flat, but Spanish shares slide

City trader
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It remains a quiet day on the markets in London, with the FTSE 100 index down by just 7.10 points at 7,421.

Sterling is also little changed, with the pound holding steady at $1.2921.

It's a bit more lively in Spain though, where the main Ibex 35 share index is down 0.9% following Sunday's election. The governing Socialists won the country's third election in four years, although they fell short of a majority.

UK and European stocks slide

Italy's FTSE MIB, its leading stock market index, is trading down 2.79% as the country appeared to be heading towards another election after President Sergio Mattarella appointed ex-IMF economist Carlo Cottarelli as a stop-gap prime minister.

In Spain - which is also grappling with its own political turmoil - the Ibex fell by 2.38%.

In London, the FTSE 100 extended its fall and is now off 71.75 points, or 0.93%, at 7,660.56.

Meanwhile, the FTSE 250 is down 242.58 points, or 1.15%, at 20,867.95,