FTSE 100 Slips On Downbeat Retail Sales Data
(RTTNews) - U.K. stocks fell on Friday after data showed U.K. retail sales registered a bigger-than-expected fall in July as a result of poor weather and the rising cost-of-living.
The retail sales volume declined 1.2 percent month-on-month in July, offsetting June's 0.6 percent increase. This was the first drop in four months. Sales were forecast to fall 0.5 percent.
On a yearly basis, the decline in overall retail sales deepened to 3.2 percent from 1.6 percent in June. The annual fall also exceeded the expected fall of 2.1 percent.
The benchmark FTSE 100 was down 52 points, or 0.7 percent, at 7,258 after ending 0.6 percent lower on Thursday.
China-related miners declined following Evergrande's bankruptcy filing in New York. Anglo American, Antofagasta and Glencore lost 2-3 percent.
Insulation and building materials group Kingspan tumbled 3.5 percent after first-half revenue slipped in a challenging environment.
Temple Bar Investment Trust fell about 1 percent after reporting earnings results for the half-year ended June 30, 2023.
Bank Of Japan Holds Rate Steady; Plans To Lower ETF Holdings
Bay Street Likely To Open On Subdued Note
FTSE 100 Recovers After Slight Setback, Up Marginally At Noon
Pound Slides As UK Bond Yield Soars
CAC 40 Modestly Higher; Stellantis, ArcelorMittal Among Top Gainers
Sensex, Nifty End Lower On Profit Taking
DAX Pares Early Gains, Down Marginally
