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* FTSE 100 down 0.8%, FTSE 250 off 1%
May 21 (Reuters) - London-listed stocks fell on Thursday as
a plunge in Japanese exports dulled optimism around a speedy
recovery from a coronavirus-induced economic slump, with
investors also sifting through another mixed bag of quarterly
earnings reports.
The export-heavy FTSE 100 .FTSE slipped 0.8%, taking the
shine off strong gains earlier in the week as data showed
Japan's April exports fell the most since the global financial
crisis with the pandemic slamming demand for cars and industrial
materials. The mid-cap FTSE 250 .FTMC shed 1%, snapping a four-day
winning streak. Industrials, financials and consumer
discretionary stocks were among the biggest drags on the index
in early trading.
Car dealer and distributor Inchcape Plc INCH.L slumped 5%
to the bottom of the FTSE 250 after posting a 76% fall in its
April revenue and saying the global economic impact of the
lockdowns would be felt until 2021. However, low-cost airline easyJet Plc EZJ.L jumped 2.7% as
it said it would restart a small number of flights on June 15,
becoming the latest airline to plan for the return of European
travel by making face masks mandatory onboard.
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London stocks slide as Japan data dents recovery hopes
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