FTSE 100 Live: House prices sink 5.3% year-on-year, Superdry in £148m loss, London blue-chips flat

The prospect of higher for longer interest rates and China’s softening economic data meant a rough month for financial markets in August. Deutsche Bank reported today that just 12 out of 38 non-currency assets in its coverage were in positive territory, only slightly better than February’s 11 thanks to a recovery over the last week. The gains since Federal Reserve chair Jerome Powell’s Jackson Hole speech last Friday meant the S&P 500 ended the month down 1.6% in total return terms compared with 4.7% on 18 August.