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Heavyweight financials, exporter stocks drag FTSE 100 lower

Published 14/06/2019, 08:20
Heavyweight financials, exporter stocks drag FTSE 100 lower
UK100
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STEMS
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FRES
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FTMC
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FTNMX301010
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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
* Financials, dollar earners drag on main index
* Recruiter SThree rises after strong international hiring

June 14 (Reuters) - London's main index inched lower on
Friday due to losses in heavyweight financial companies and
exporter stocks, while small-cap recruiter SThree advanced after
reporting strong hiring in its international markets.
The FTSE 100 .FTSE shed 0.2% and the FTSE 250 .FTMC was
roughly flat by 0704 GMT.
An index of UK banks .FTNMX8350 , which has been under
pressure this week after protests in Hong Kong against a Chinese
extradition bill, slipped for the fourth straight session.
The dollar was also subdued ahead of a key U.S. Federal
reserve meeting next week where investors are expecting an
interest rate cut, hitting exporters such as BAT BAL.L .
Precious metals like gold were in demand as a result. Miner
Fresnillo FRES.L added 1.6%.
Small-cap SThree STHR.L , which hires workforce for
financial, energy, banking and pharmaceutical companies, gained
4% as its net fees rose due to strength in its international
markets.

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