UK shares sank on dismal headlines from Japan

Note: This section contains information in English only.
Source: Dukascopy Bank SA

UK stocks slid on Tuesday as hopes for easing in the US started to fade due to upbeat US data releases over the last weeks. Adding to the negative mood of the UK equities, Japan downgraded its economic outlook on Tuesday. The FTSE 100 Index lost 0.25% to trade at 5,758.42. Only three in ten sectors included in the index managed to post gains. The best-performers were utilities and financials. Centrica and Pennon Group added 0.06% and 0.20% while Barclays and Lloyds Banking Group gained 0.53% and 0.06%. On the downside were heath care and technology shares. AstraZeneca dropped by 0.52% after the pharmaceutical giant named the new CEO, Pascal Soriot. Among technology firms, Sage Group retreated by 0.40%.

 

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