UK stocks ease as market awaits Brexit deal update

UK stocks ease as market awaits Brexit deal update
Traders looks at financial information on computer screens on the IG Index trading floor in London, Britain February 6, 2018. REUTERS/Simon Dawson/Files -
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(Reuters) – London’s domestically-focussed mid-cap index shed almost half of the previous session’s more than 1% gain in early trade on Wednesday, with investors awaiting confirmation that a Brexit deal is really in the offing.

The FTSE 250 <.FTMC>, which has rallied more than 3% since last week on hopes that Britain could clinch a timely divorce deal, shed 0.5%, with traders eyeing a crunch summit this week after last-ditch talks between London and the European Union.

The blue-chip FTSE 100 <.FTSE> was also marginally lower, with miner Rio Tinto <RIO.L> and housebuilder Barratt <BDEV.L> slipping respectively 2% and 2.7% on signs of weakening future revenue.

(Reporting by Shashwat Awasthi in Bengaluru; editing by Patrick Graham)

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