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FTSE 100 on course for monthly decline as virus fears rise

Published 09/30/2020, 03:21 PM
Updated 09/30/2020, 03:30 PM
© Reuters.
UK100
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FTMC
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FTNMX501010
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FTNMX405010
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BOOH
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* FTSE 100 down 0.6%, FTSE 250 drops 0.4%

Sept 30 (Reuters) - London's FTSE 100 fell on Wednesday and
was headed for its second monthly decline in six as growing
economic uncertainty due to the COVID-19 pandemic as well as
Brexit subdued risk appetite.
The blue-chip FTSE 100 .FTSE lost 0.6%, led by travel and
leisure .FTNMX5750 and construction stocks .FTNMX2350 , while
the mid-cap FTSE 250 .FTMC shed 0.4%, with analysts warning of
higher volatility during the session as investors rebalance
their portfolios at the end of the quarter.
Meanwhile, data confirmed that Britain's economy shrank by a
record 19.8% in the second quarter of 2020 when COVID-19
lockdown measures were in force, a slightly smaller decline than
an initial estimate of a 20.4% fall in output. British online fashion retailer Boohoo BOOH.L gained 2.3%
after it raised its full-year guidance and reported a 51% jump
in first-half profit.

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