(For a Reuters dwell weblog on U.S., UK and European stock markets, click on LIVE/ or kind LIVE/ in a information window)
Nov 30 (Reuters) – London shares fell on Monday as fears of a no-deal Brexit in addition to the financial harm from the COVID-19 pandemic knocked again sentiment on the finish of the most effective month for the FTSE 100 in additional than three a long time.
The blue-chip FTSE 100 was down 0.4% by 0804 GMT following a rally of greater than 13% this month that was sparked by hopes of a working coronavirus vaccine earlier than the tip of the 12 months.
The domestically-focussed FTSE 250, thought of a barometer for Brexit sentiment, misplaced 0.5%, however was nonetheless set for its greatest month-to-month proportion bounce for the reason that international monetary disaster in 2009.
Britain and the European Union are heading right into a “very significant” week, British overseas minister Dominic Raab mentioned on Sunday, as talks over a commerce deal enter their ultimate days with severe variations but to be resolved.
BP Plc and Royal Dutch Shell Plc had been the most important drags on the commodity-heavy FTSE 100 as oil costs slipped forward of a gathering of producer group OPEC+ to determine whether or not to increase massive output cuts to steadiness international markets. (Reporting by Shivani Kumaresan in Bengaluru; Enhancing by Saumyadeb Chakrabarty)
Reuters Breakingviews is the world’s main supply of agenda-setting monetary perception. Because the Reuters model for monetary commentary, we dissect the large enterprise and financial tales as they break world wide daily. A worldwide crew of about 30 correspondents in New York, London, Hong Kong and different main cities offers knowledgeable evaluation in actual time.
Join a free trial of our full service at https://www.breakingviews.com/trial and observe us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are these of the authors.