(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* FTSE 100 down 1.8%, FTSE 250 off 1.6%
May 11 (Reuters) - London's FTSE 100 fell on Tuesday, in
line with Asian markets, after an overnight tech sell-off on
Wall Street over inflation concerns, while NatWest Group slipped
as the British government cut its stake in the domestic lender.
The blue-chip index .FTSE slid 1.8%, with NatWest NWG.L
tumbling 3.3% after the UK government completed the sale of 1.1
billion pounds ($1.55 billion) in its shares at a discounted
price. All the FTSE 100 constituents were trading in negative
territory.
Banks .FTNMX301010 , travel and leisure .FTNMX405010 , and
miners .FTNMX551020 were among the biggest losers, all down
more than 2% each.
Globally, tech stocks took a brunt of the selling as
investors braced for U.S. inflation data due on Wednesday while
keeping a close eye on a host of Federal Reserve speakers this
week to assess how authorities are likely to respond to receding
risks posed by the pandemic in some major economies. MKTS/GLOB
The domestically focused mid-cap FTSE 250 index .FTMC
tripped 1.6%. Both the indexes were tracking their worst daily
performance in three weeks.
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British shares track worst day in 3 weeks on inflation concerns; NatWest slips
Published 11/05/2021, 08:29
Updated 11/05/2021, 08:30
British shares track worst day in 3 weeks on inflation concerns; NatWest slips
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