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London stocks dip on faltering China data; easyJet slumps

Published 08/14/2020, 03:11 PM
Updated 08/14/2020, 03:20 PM
© Reuters.
UK100
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EZJ
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FTMC
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FTNMX502010
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FTNMX301010
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FTNMX601010
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(For a live blog on European stocks, type LIVE/ in an Eikon
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* FTSE 100 down 0.4%, FTSE 250 off 0.5%

Aug 14 (Reuters) - London-listed shares retreated on Friday
as a surprise dip in Chinese retail sales dashed hopes for a
swift post-pandemic recovery, taking the shine off a strong week
of stock market gains that were powered by bets of more
stimulus.
The blue-chip FTSE 100 .FTSE was down 0.4%, with investors
also treading water ahead of a weekend meeting between Chinese
and U.S. officials to review progress on their Phase 1 trade
pact. MKTS/GLOB
The mid-cap FTSE 250 .FTMC was off 0.5%, led by a 1.5%
decline for travel stocks as the UK moved to quarantine
travellers from France, the Netherlands, Malta and three other
countries due to the surge in COVID-19 cases. Banks .FTNMX8350 , energy .FTNMX0530 and aero-related
.FTNMX2710 stocks also pulled back after leading gains all
week.
Airline easyJet Plc EZJ.L slumped 6.5% as the company said
it would continue to assess further funding opportunities after
raising an extra $266 million from the sale and leaseback of
aircraft.

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