UK stocks fell on disappointing consumer confidence data

Source: Dukascopy Bank SA

UK's equities moved lower on Tuesday after disappointing UK consumer confidence data release. However, UK's stocks still receive slight support from speculation that the ECB and the Fed will implement stimulus measures. Financial industry was the weakest in the index, posting a 0.94% decline. Barclays, Royal Bank of Scotland and HSBC tumbled 0.91%, 1.41% and 1.14%, respectively. Meanwhile, BP led losses of oil and gas sector, dropping by 4.39%. BP reported a net loss in Q2, citing lower production and falling oil prices. Meanwhile, ITV lost 0.9% after Deutsche Bank advised investors to sell shares of the company.

 

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