FTSE 100 drops on weak China data; soaring crude prices lift oil majors
- Country:
- United Kingdom
UK's main index retreated after four days of gains as weak China data stoked global growth worries, while oil majors jumped 3% after crude oil prices surged following attacks on Saudi Arabian oil facilities.
The FTSE 100 fell 0.2% by 0719 GMT, with the FTSE 250 also down by the same level. BP and Shell were up as the attacks on Saturday shut about 5% of global supply.
Airline and cruise operator stocks including British Airways owner IAG and cruise company Carnival fell more than 2% due to higher oil prices.
Also Read: China Relaxes Import Regulations to Improve Access and Availability of Affordable Medicines
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Saudi Arabian
- Airline
- owner
- Shell
- Carnival
- British Airways
- IAG
- BP
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