A man wearing a protective face mask walks past the London Stock Exchange Group building in the City of London financial district, whilst British stocks tumble as investors fear that the coronavirus outbreak could stall the global economy, in London, Britain, March 9, 2020. REUTERS/Toby Melville/File Photo Acquire Licensing Rights
Nov 27 (Reuters) – UK’s FTSE 100 slipped in early trade on Monday, with heavyweight energy and mining stocks leading the declines, while cautious investors braced for a barrage of economic data throughout the week.
By 0805 GMT, the blue-chip FTSE 100 (.FTSE) fell 0.2%, while the more domestically-focussed FTSE 250 midcap index (.FTMC) added 0.1%.
Heavyweight energy stocks (.FTNMX601010) eased 0.8%, tracking a fall in crude oil prices, while industrial metal miners (.FTNMX551020) lost 0.6%.
Investors are now awaiting the UK mortgage data and the inflation prints across the eurozone and in the United States due later in the week.
Among individual stocks, Entain (ENT.L) eased 2.2% after Goldman Sachs downgraded the Ladbrokes-owner’s stock to “Sell” from “Buy”.
Drugmaker AstraZeneca (AZN.L) dipped 0.6% after brokerage Jefferies lowered its price target on the stock.
Rightmove (RMV.L) jumped 5.3% after UK’s largest property portal lifted its forecast for annual average revenue per advertiser.
Reporting by Shashwat Chauhan in Bengaluru; Editing by Rashmi Aich
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