Worst day in over a month for FTSE 100; retail sales data disappoints



(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* UK retail sales fall 1.4% in May as consumers dine out

* Tesco down as sale growth slowed in first quarter

* FTSE 100 down 1.9%, FTSE 250 off 1% (Updates to close)

By Devik Jain and Amal S

June 18 (Reuters) - London's FTSE 100 index marked its worst session in over a month on Friday, dragged by weakness in financial and commodities-linked stocks, while data showed retail sales fell in May as Britons dined out more following a lifting of pandemic restrictions.

The blue-chip FTSE 100 .FTSE ended 2.0% down and shed 1.7% this week, snapping a win streak of three consecutive weeks in gains. Banking .FTNMX301010 and life insurance .FTNMX303010 stocks, down 2.7% and 2.5% respectively, were among the top drags.

Base and precious metal miners .FTNMX551020 , .FTNMX551030 slid 2.4% and 0.2% respectively, as commodity prices fell, especially with copper on track for its biggest weekly fall since March 2020.

Meanwhile, oil majors BP BP.L and Royal Dutch Shell RDSa.L fell 2.7% and 3.1% respectively, tracking weaker crude.

British retail sales fell unexpectedly by 1.4% last month as a lifting of lockdown restrictions encouraged spending in restaurants rather than shops, with food stores suffering the biggest hit.

Britain's biggest retailer Tesco TSCO.L also reported a sharp slowdown in underlying UK sales growth in its first quarter, sending its shares down 4.1%.

"When the UK government sort of became shifty on its tactics on easing lockdowns, especially on the travel side, it made people less sure of what's going on and they've just kept their hands in their pockets and not been spending so much," said Keith Temperton, equity sales trader at Forte Securities.

After the U.S. Federal Reserve's hawkish turn this week, all eyes are now on the Bank of England's meeting next week where it is expected to look through the temporary rise in inflation.

"Inflation is rising and unemployment is falling, but the Bank of England isn't going to do anything about raising interest rates until it's sure these aren't just transitory factors emanating from an economy that's gone from red to green," said Laith Khalaf, financial analyst at AJ Bell, in a note.

The domestically focused mid-cap index .FTMC fell 1% dragged by retailers, industrials and financial stocks.

Among individual stocks, While Kin and Carta KCT.L rose 6.6% after Dutch insurer Aegon NV AEGN.AS disclosed a 5.24% stake in the digital transformation services company.
Reporting by Devik Jain and Amal S in Bengaluru; Editing by Subhranshu Sahu and Jonathan Oatis

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。

所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。

本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。

風險提示: 您的資金存在風險。杠杆商品可能不適合所有客戶。 請詳細閱讀我們的風險聲明