FTSE 100 Slides As Energy Stocks Drag
(RTTNews) - U.K. stocks traded lower on Monday, with commodity stocks moving lower after data showed slowing industrial profit growth in China.
The benchmark FTSE 100 was down 0.2 percent at 7,471 after finishing marginally lower on Friday.
BP Plc dropped 0.8 percent and Shell fell 1.2 percent as Bent prices fell toward $80 a barrel following reports of disputes among OPEC+ members on their production quotas next year.
Miners Anglo American and Glencore were down around half a percent each.
Rightmove jumped nearly 7 percent after the property portal raised part of its revenue guidance for 2023.
GSK edged up slightly after announcing positive headline results from phase III trial evaluating its elantamab mafodotin asset.
Insurer Aviva was marginally lower after it agreed to buy Optiom from Novacap and other minority shareholders for around £100m.
Switzerland Logs Weaker Growth, Trims 2026 Outlook
U.S. GDP Jumps More Than Previously Estimated In Q2
U.S. Weekly Jobless Claims Edge Down To 229,000
FTSE 100 Down 0.4% In Cautious Trade
CAC Up Slightly; Pernod Ricard Rises On Earnings
DAX Retreats After Firm Start, Down Marginally
Swiss Franc Rises Against Majors
