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FTSE extends declines as Trump tariff salvo dents sentiment

Published 03/12/2019, 09:33
Updated 03/12/2019, 09:36
© Reuters.  FTSE extends declines as Trump tariff salvo dents sentiment
UK100
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BP
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SHEL
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FTMC
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FTNMX551030
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CEY
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EDV
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100 down 0.2%, FTSE 250 flat

* Trump tariffs on Brazil, Argentina keep markets on edge

* Centamin climbs higher on buyout proposal

Dec 3 (Reuters) - London's main index slipped for the fourth

straight session on Tuesday as U.S. President Donald Trump's

decision to restore tariffs on Brazil and Argentina dented

sentiment, while miner Centamin CEY.L hit a two-month high

after a buyout proposal.

The FTSE 100 .FTSE was down 0.2%, as of 0805 GMT, as

Washington's tariffs on steel and aluminium imports from key

Latin American trading partners also overshadowed encouraging

data from China and euro zone economies.

Trump's tariff threat dragged shares of blue-chip oil majors

Shell RDSa.L and BP BP.L lower, while miners .FTNMX1770

dropped 1.5%.

The FTSE 250 .FTMC was roughly flat, though Centamin stood

out with an increase of 7% after Canada's Endeavour Mining

EDV.TO disclosed a 1.47 billion pound ($1.89 billion) proposal

for the British firm. ($1 = 0.7794 pounds)

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