UK’s FTSE 100 fell for a sixth straight session last night, as investors raised bets on how high central banks would lift interest rates to tackle inflation.
After rising as much as 0.9%, the FTSE 100 (.FTSE) erased early gains to end 0.3% lower, with spirit market Diageo (DGE.L) and GSK (GSK.L) among the top drags.
The FTSE 100 has declined 2.7% year-to-date, compared with a 16.3% drop in European Stoxx 600 and a 21.4% slide in U.S. S&P 500 index.
Global stock markets have been rattled as investors price in aggressive central bank policy moves to quell inflation against the backdrop of the Ukraine crisis.
Shares in Asia-focused British bank HSBC rose 3.6%, providing the biggest boost to the blue-chip index, while oil majors BP Plc (BP) and Shell (Shell) rose 2.1% and 1.2%.
This report’s information was first seen on Reuters; to read more, click this link.
