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Energy stocks drag FTSE 100 lower as virus fears weigh

Published 26/10/2020, 09:21
Energy stocks drag FTSE 100 lower as virus fears weigh
UK100
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BP
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SHEL
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AZN
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FTMC
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FTNMX301010
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FTNMX551030
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FTNMX502030
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(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 0.6%, FTSE 250 drops 0.8%

Oct 26 (Reuters) - London's FTSE 100 retreated on Monday as
a dip in oil prices hit energy stocks, while fears of a
faltering economic recovery due to a resurgence in novel
coronavirus cases weighed on European markets.
The commodity-heavy FTSE 100 index .FTSE fell 0.6%,
dragged by banks .FTNMX8350 , mining .FTNMX1770 and
industrial .FTNMX2720 stocks.
BP Plc BP.L and Royal Dutch Shell Plc RDSa.L tumbled
1.8% and 2.3%, respectively, as oil prices dropped on concerns
over demand for crude. O/R
The domestically-focussed mid-cap FTSE 250 index .FTMC
lost 0.8% even as a report said European Union chief Brexit
negotiator Michel Barnier was planning to extend his London
visit until Wednesday, while a UK minister saw a good chance of
striking a trade deal. However, AstraZeneca Plc AZN.L rose 0.7% after a report
said the COVID-19 vaccine being developed by the University of
Oxford and the drugmaker produced a robust immune response in
elderly people.

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