FTSE 100 slips as banks, miners drag
EWU•The FTSE 100 fell 0.9% to 10,787.93 points, while the FTSE 250 slipped 0.3%. Barclays lost 2.7% after the Bank of England reportedly examined whether its traders misrepresented illiquid private credit loans.
1. London shares fall
The FTSE 100 fell 0.9% to 10,787.93 points on Monday, ending three consecutive sessions of gains, while the FTSE 250 slipped 0.3%. Barclays dropped 2.7% after the Bank of England reportedly examined whether its traders misrepresented illiquid private credit loans to understate their risk. The broader financial sector fell 1.8%, and industrial metal miners and aerospace and defence stocks each lost about 2%.
2. Oil and upcoming data
Brent crude futures fell 2% but remained above $107 a barrel, keeping inflation concerns in focus. Energy shares rose 0.4%, among the few FTSE 100 gainers. Investors were looking ahead to UK September inflation and retail sales figures this week, followed by another earnings season.
