Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

British shares track worst day in 3 weeks on inflation concerns; NatWest slips

Published 05/11/2021, 03:29 PM
Updated 05/11/2021, 03:30 PM
© Reuters.

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* FTSE 100 down 1.8%, FTSE 250 off 1.6%

May 11 (Reuters) - London's FTSE 100 fell on Tuesday, in
line with Asian markets, after an overnight tech sell-off on
Wall Street over inflation concerns, while NatWest Group slipped
as the British government cut its stake in the domestic lender.
The blue-chip index .FTSE slid 1.8%, with NatWest NWG.L
tumbling 3.3% after the UK government completed the sale of 1.1
billion pounds ($1.55 billion) in its shares at a discounted
price. All the FTSE 100 constituents were trading in negative
territory.
Banks .FTNMX301010 , travel and leisure .FTNMX405010 , and
miners .FTNMX551020 were among the biggest losers, all down
more than 2% each.
Globally, tech stocks took a brunt of the selling as
investors braced for U.S. inflation data due on Wednesday while
keeping a close eye on a host of Federal Reserve speakers this
week to assess how authorities are likely to respond to receding
risks posed by the pandemic in some major economies. MKTS/GLOB
The domestically focused mid-cap FTSE 250 index .FTMC
tripped 1.6%. Both the indexes were tracking their worst daily
performance in three weeks.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.