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FTSE 100 slips amid simmering Middle East worries

Published Jan 06, 2020 09:24
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© Reuters. FTSE 100 slips amid simmering Middle East worries
 
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100 down 0.5%, FTSE 250 down 0.4%

* Middle East tensions simmer

* Airlines fall, oil stocks gain on surging crude prices

Jan 6 (Reuters) - London's main index began the first full

trading week of the new decade in the red, as escalating

tensions in the Middle East sapped demand for risky assets.

The FTSE 100 .FTSE dropped 0.5% in early deals after U.S.

President Donald Trump threatened sanctions on Iraq and

retaliation on Iran if they responded with force to a U.S. air

strike last week. The FTSE 250 .FTMC shed 0.4%. Shares of airlines fell as higher oil prices raised worries

of a hit to their margins, with British Airways owner IAG

ICAG.L and easyJet EZJ.L shedding about 2.5% each. However,

oil majors Shell RDSa.L and BP BP.L outperformed.

Morrisons MRW.L and Sainsbury's SBRY.L fell 3% and 1.5%,

respectively. A Times report said British supermarkets will

report https://www.thetimes.co.uk/edition/business/christmas-fails-to-light-up-supermarkets-vjsrhkjwt

"underwhelming" Christmas sales, while major competitor Aldi UK

ALDIEI.UL separately reported higher sales.

FTSE 100 slips amid simmering Middle East worries
 

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