NEW YORK: U.K. stocks fell, after their biggest monthly rally in two years, after China’s factory gauges signaled sluggishness in the country’s manufacturing.
The FTSE 100 Index slipped 0.5 percent at 8:29 a.m. in London. The gauge advanced 4.9 percent in October, the most since 2013, amid a rebound in commodity and energy producers. The broader FTSE All-Share Index and Ireland’s ISEQ Index fell 0.4 percent today.
Hikma Pharmaceuticals Inc. declined 4.3 percent after lowering the sales forecast for its generics business. IAG SA and EasyJet Plc dropped 1.4 percent or more after HSBC Holdings Plc downgraded the shares. The bank said investor expectations for IAG are too high, while EasyJet faces revenue pressure. Randgold Resources Ltd. lost 1.2 percent, following gold prices lower.
