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Energy stocks weigh on FTSE 100, new COVID-19 measures awaited

Published 10/12/2020, 03:18 PM
Updated 10/12/2020, 03:20 PM
© Reuters.
UK100
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BP
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SHEL
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AZN
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(For a live blog on European stocks, type LIVE/ in an Eikon
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* FTSE 100 down 0.3%, FTSE 250 flat

Oct 12 (Reuters) - London stocks were subdued on Monday as a
dip in oil prices hit energy stocks, while investors remained
cautious with Prime Minister Boris Johnson expected to set out
new measures to try to contain the growing coronavirus crisis.
The blue-chip FTSE 100 index .FTSE fell 0.3%, weighed down
by oil majors BP Plc BP.L and Royal Dutch Shell RDSa.L ,
while the mid-cap index .FTMC remained flat.
Johnson will hold a meeting of the government's emergency
COBRA committee and is expected to set out a new system of
"local COVID alert levels" of medium, high or very high, aimed
at helping tailor restrictions for different parts of England.
AstraZeneca Plc AZN.L gained 0.1% after the drugmaker
struck a $486 million deal with the U.S. government to develop
and secure supplies of up to 100,000 doses of COVID-19 antibody
treatment, a similar class of drug that was used in treating
President Donald Trump.

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