Investing.com - Financial Markets Worldwide
🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Energy stocks drag FTSE 100 lower as virus fears weigh

Published 10/26/2020, 04:21 PM
Updated 10/26/2020, 04:30 PM
© Reuters.
UK100
-
BP
-
SHEL
-
AZN
-
FTMC
-
FTNMX301010
-
FTNMX551030
-
FTNMX502030
-

(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 0.6%, FTSE 250 drops 0.8%

Oct 26 (Reuters) - London's FTSE 100 retreated on Monday as
a dip in oil prices hit energy stocks, while fears of a
faltering economic recovery due to a resurgence in novel
coronavirus cases weighed on European markets.
The commodity-heavy FTSE 100 index .FTSE fell 0.6%,
dragged by banks .FTNMX8350 , mining .FTNMX1770 and
industrial .FTNMX2720 stocks.
BP Plc BP.L and Royal Dutch Shell Plc RDSa.L tumbled
1.8% and 2.3%, respectively, as oil prices dropped on concerns
over demand for crude. O/R
The domestically-focussed mid-cap FTSE 250 index .FTMC
lost 0.8% even as a report said European Union chief Brexit
negotiator Michel Barnier was planning to extend his London
visit until Wednesday, while a UK minister saw a good chance of
striking a trade deal. However, AstraZeneca Plc AZN.L rose 0.7% after a report
said the COVID-19 vaccine being developed by the University of
Oxford and the drugmaker produced a robust immune response in
elderly people.

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.