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UK shares slide after dismal GDP data

Published 06/12/2020, 03:51 PM
Updated 06/12/2020, 04:00 PM
© Reuters.
UK100
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FTMC
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(For a live blog on European stocks, type LIVE/ in an Eikon
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* FTSE 100 down 0.7%, FTSE 250 falls 0.5%

June 12 (Reuters) - London's stock markets fell on Friday as
the UK economy shrank the most on record in April, adding to the
impact of a global sell-off due to fears of a second wave of
coronavirus infections in the United States.
After opening about 1% lower, the benchmark FTSE 100
.FTSE index pared losses and was last down 0.7%. The
domestically focused mid-cap index .FTMC fell 0.5%
Data released on Friday showed the UK's economy shrank by a
record 20.4% in April from March due to an effect of the tight
coronavirus lockdown.

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