The FTSE 100 closed Friday's session down 1.3% at 7360.55 points on renewed caution after U.S. Federal Reserve Chairman Jerome Powell pushed back against the narrative of an end to the rate-hike cycle. Alcoholic beverage company Diageo leads fallers after cutting its guidance for both the short and medium term, sliding 13.8%. ---Argentex Sees Performance Below Market Expectations as Backdrop Remains ChallengingArgentex said it expects full-year performance to miss market expectations as current market backdrop remains challenging. The data also bolsters the position of U.K. trade for those anxious about the conflict in the Middle East, the effects of which will be seen in 4Q, he adds. Gross domestic product stagnated in the third quarter, slowing from slight growth previously in the year, as services contracted.

Source: Wall Street Journal November 10, 2023 17:53 UTC