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FTSE 100 on track for fourth straight day of losses

Published 10/07/2019, 08:32
Updated 10/07/2019, 08:40
© Reuters.  FTSE 100 on track for fourth straight day of losses
UK100
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PAGE
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HAYS
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FTMC
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SDRY
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RWA
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 down 0.1%, FTSE 250 down 0.2%
* Superdry at a 7-month low after FY report
* Recruiter PageGroup's downbeat outlook hits rivals

July 10 (Reuters) - London's main bourse is on course for
its fourth straight day of losses on Wednesday, the longest
losing streak since January, as consumer stocks and
pharmaceuticals pressure the index, while small-cap retailer
Superdry slumped after it reported a loss.
The weakness in UK markets have been triggered by waning
hopes of more accommodative policies from the U.S. Federal
Reserve. Fed Chariman Jerome Powell is expected to speak later
today.
The FTSE 100, an index of blue-chip stocks .FTSE , slipped
0.1% and the FTSE 250 midcap index .FTMC dropped 0.2% by 0708
GMT.
Fashion group Superdry SDRY.L fell 10% to a more than
seven-month low after reporting a loss compared to a
year-earlier profit. Recruitment firm PageGroup PAGE.L fell
10.5% among midcaps after warning on earnings amid Brexit
uncertainties. PageGroup's rivals Hays HAYS.L and Robert Walters RWA.L
were also down 5.7% and 1.7%, respectively.

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