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.
European Shares Seen Lower At Open As Nvidia Earnings Loom
Sensex, Nifty Open Higher On Firm Global Cues; IT Stocks Lead Gains
Australian Market Slashes Early Gains In Mid-market
Asian Markets Track Wall Street Higher
Sensex, Nifty Seen Higher On Dovish Fed Comments
Thai Shares Tipped To Open To The Upside On Monday
Japanese Market Notably Higher
