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FTSE 100 slips as dollar falls on Fed stance, trade jitters linger

Published 06/25/2019, 03:20 PM
FTSE 100 slips as dollar falls on Fed stance, trade jitters linger
UK100
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HSBA
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CPRC
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FTMC
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 down 0.6%, FTSE 250 down 0.4%
* Dollar earners, Asia-heavy banks drag main index
* Carpetright soars after annual results

June 25 (Reuters) - London's exporter-heavy FTSE 100 fell on
Tuesday as the dollar dropped on hopes that the U.S. Federal
Reserve would affirm indications of a more relaxed policy, with
investors anticipating Sino-U.S. trade talks later this week.
The FTSE 100 .FTSE , whose components earn a large chunk of
their revenue from outside the UK, shed 0.6% and the mid-cap
FTSE 250 .FTMC lost 0.4% by 0703 GMT.
Internationally exposed stocks fell as traders sold-off the
dollar and bet on more dovish signals from Fed Chairman Jerome
Powell, while uncertainty over how trade talks would pan out at
the G20 summit hit shares of HSBC HSBA.L and other
Asia-focussed banks.
Small-cap Carpetright CPRC.L , Britain's biggest floor
coverings retailer, surged 23% as it returned to underlying
sales growth in its new financial year and said its turnaround
was on track.

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