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London stocks slide as global coronavirus cases rise

Published 06/22/2020, 03:17 PM
Updated 06/22/2020, 03:20 PM
© Reuters.
UK100
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FTMC
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FTNMX301010
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FTNMX405010
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(For a live blog on European stocks, type LIVE/ in an Eikon
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* FTSE 100, FTSE 250 down 1%

June 22 (Reuters) - UK shares fell on Monday as the World
Health Organization reported a record daily increase in novel
coronavirus infections, sparking fears of another round of
lockdowns and further economic damage from the pandemic.
The blue-chip FTSE 100 .FTSE was down 1%, tracking
declines in other European markets after Germany's coronavirus
reproduction rate jumped to 2.88, a rate showing infections are
rising above the level needed to contain the disease over the
longer term. .EU
UK Prime Minister Boris Johnson is expected to unveil the
latest easing of the country's coronavirus lockdown on Tuesday.
The mid-cap FTSE 250 .FTMC also shed 1%, led by declines
in battered energy .FTNMX0530 , banks .FTNMX8350 and travel
and leisure .FTNMX5750 stocks.
Glencore Plc GLEN.L tumbled 5.4% after saying late on
Friday the Office of the Attorney General of Switzerland had
opened a criminal investigation into the commodity miner for
failure to have measures in place to prevent alleged corruption
in the Democratic Republic of Congo.

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