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FTSE 100 drops on weak China data; soaring crude prices lift oil majors

Published 09/16/2019, 03:34 PM
Updated 09/16/2019, 03:40 PM
FTSE 100 drops on weak China data; soaring crude prices lift oil majors
UK100
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BP
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SHEL
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CCL
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FTMC
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ICAG
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 and FTSE 250 down 0.2%
* Weak China data drags Asia-focussed stocks
* IAG, Carnival drop to bottom of FTSE 100
* BP , Shell surge

Sept 16 (Reuters) - UK's main index retreated after four
days of gains as weak China data stoked global growth worries,
while oil majors jumped 3% after crude oil prices surged
following attacks on Saudi Arabian oil facilities.
The FTSE 100 .FTSE fell 0.2% by 0719 GMT, with the FTSE
250 .FTMC also down by the same level.
BP BP.L and Shell RDSa.L were up as the attacks on
Saturday shut about 5% of global supply. O/R
Airline and cruise operator stocks including British Airways
owner IAG ICAG.L and cruise company Carnival CCL.L fell more
than 2% due to higher oil prices.

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