IAG, miners fall as trade angst weakens FTSE
- Country:
- United Kingdom
A 3% drop in British Airways owner IAG led London's FTSE 100 lower on Friday, as doubts about a U.S.-China trade deal halted a five-day winning streak for European markets. The main index was down 0.4% in early trade, with miners and Asia-focused bank HSBC also down after a report that Beijing and Washington's "phase one" trade deal faced opposition on multiple fronts.
The FTSE 250, up more than 1% to a three-week high an on Thursday after two Bank of England policymakers unexpectedly voted for lower interest rates, also shed 0.4%.
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