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Home International Markets

UK stocks: FTSE 100 retreats 0.7% in early session

byCustoms Today Report
11/08/2015
in International Markets
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LONDON: U.K. stocks fell for a third session, heading for their lowest level since July, as commodity stocks resumed a slump.

Anglo American Plc and BHP Billiton Plc dropped at least 2.5 percent. Royal Dutch Shell Plc and Rio Tinto Group also declined.

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China’s July exports plunged more than five times the rate projected by analysts, while producer prices slid the most since 2009, data at the weekend showed. Crude oil fell toward this year’s low as a rebound in U.S. drilling added to signs producers will keep pumping crude amid a global glut.

The FTSE 100 Index lost 0.7 percent to 6,670.95 at 9:05 a.m. in London, the biggest drop since July 27.

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