Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

FTSE 100 plunges as trade worries fuel selloff

FTSE 100 plunges as trade worries fuel selloff
FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo -
Copyright
Toby Melville(Reuters)
Euronews logo
Text size Aa Aa

(Reuters) – London’s main index shed 1% in early deals and joined a global market selloff on Monday, as U.S.-China trade tensions sent investors rushing to safe haven assets, while Ocado and M&S slipped after setting up an online food joint venture.

The FTSE 100 <.FTSE>, which had slumped more than 2% on Friday, sank to a more than seven-week low with all constituent sectors in the red by 0708 GMT. The mid-cap FTSE 250 <.FTMC> fell 0.9%.

Retailer Marks & Spencer <MKS.L> and online supermarket Ocado <OCDO.L> gave up about 2.5% each after sealing a deal to set up an online food venture that will result in the termination of Ocado’s current deal with Waitrose [JLPLC.UL].

(Reporting by Shashwat Awasthi in Bengaluru; Editing by Anil D’Silva)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.