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FTSE 100 retreats on Brexit concerns, set for best month in 31 years

Published 30/11/2020, 09:13
© Reuters.
UK100
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BP
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SHEL
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FTMC
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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 0.4%, FTSE 250 off 0.5%

Nov 30 (Reuters) - London shares fell on Monday as fears of
a no-deal Brexit as well as the economic damage from the
COVID-19 pandemic knocked back sentiment at the end of the best
month for the FTSE 100 in more than three decades.
The blue-chip FTSE 100 .FTSE was down 0.4% by 0804 GMT
following a rally of more than 13% this month that was sparked
by hopes of a working coronavirus vaccine before the end of the
year.
The domestically-focussed FTSE 250 .FTMC , considered a
barometer for Brexit sentiment, lost 0.5%, but was still set for
its biggest monthly percentage jump since the global financial
crisis in 2009.
Britain and the European Union are heading into a "very
significant" week, British foreign minister Dominic Raab said on
Sunday, as talks over a trade deal enter their final days with
serious differences yet to be resolved. BP Plc BP.L and Royal Dutch Shell Plc RDSa.L were the
biggest drags on the commodity-heavy FTSE 100 as oil prices
slipped ahead of a meeting of producer group OPEC+ to decide
whether to extend large output cuts to balance global markets.
O/R

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