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London stocks slip as second virus wave fears build

Published 06/18/2020, 03:16 PM
Updated 06/18/2020, 03:20 PM
© Reuters.
UK100
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TW
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FTMC
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FTNMX405010
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FTNMX551030
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FTNMX401010
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(For a live blog on European stocks, type LIVE/ in an Eikon
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* FTSE 100 down 0.6%, FTSE 250 off 0.4%

June 18 (Reuters) - UK shares fell on Thursday as a surge in
coronavirus cases in the United States and China fanned fears of
a second wave of infections, with investors also awaiting a Bank
of England policy meeting later in the day.
The blue-chip FTSE 100 .FTSE was down 0.6% following its
strongest two-day percentage gain in two weeks on Wednesday, as
the resurgence in cases overshadowed optimism about a swift
economic recovery from the pandemic-driven slump.
Expectations are now running high for the Bank of England to
announce an increase of at least 100 billion pounds ($125
billion) in its bond-buying programme to further boost
liquidity. The mid-cap FTSE 250 .FTMC fell 0.4%, with auto
.FTNMX3350 , travel .FTNMX5750 and mining .FTNMX1770 stocks
leading declines.
Homebuilder Taylor Wimpey TW.L tumbled 7.4% to the bottom
of the FTSE 100 after raising 522 million pounds ($655 million)
in a discounted share sale, representing about 11% of its
existing share capital.

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