(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 down 1.3%, FTSE 250 drops 1.1%
April 21 (Reuters) - An overnight plunge in U.S. crude oil
below zero knocked down the producer-heavy FTSE 100 on Tuesday,
with oil majors BP Plc BP.L and Royal Dutch Shell RDSa.L
falling more than 3%.
The dramatic fall sapped risk appetite globally, pushing the
benchmark .FTSE down 1.3% by 0715 GMT.
The world's largest listed miner, BHP Group BHP.AX ,
BHPB.L fell 4.5% after it warned that global steel production
excluding China could drop sharply this year due to the
pandemic. Shares in fellow miners Rio Tinto RIO.L and Glencore
GLEN.L fell about 4%.
Data released earlier showed UK job growth slowed in March
compared to the previous month, in an early sign of the impact
of the coronavirus shutdown on the labour market. Among the few gainers was the London Stock Exchange owner
LSE.L , which rose 3.7% after saying it was committed to
completing its $27 billion takeover of data and analytics firm
Refinitiv in the second half of the year.
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FTSE 100 dented by oil shock as BP, Shell tumble
Published 04/21/2020, 03:34 PM
Updated 04/21/2020, 03:40 PM
FTSE 100 dented by oil shock as BP, Shell tumble
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