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IAG, miners fall as trade angst weakens FTSE

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By Reuters
IAG, miners fall as trade angst weakens FTSE
Traders are seen at work at Northern Trust offices in London, Britain August 1, 2019. Picture taken August 1, 2019. REUTERS/Toby Melville   -   Copyright  TOBY MELVILLE(Reuters)

(Reuters) – A 3% drop in British Airways owner IAG <ICAG.L> led London’s FTSE 100 lower on Friday, as doubts about a U.S.-China trade deal halted a five-day winning streak for European markets.

The main index <.FTSE> was down 0.4% in early trade, with miners <.FTNMX1770> and Asia-focused bank HSBC <HSBA.L> also down after a report that Beijing and Washington’s “phase one” trade deal faced opposition on multiple fronts.

The FTSE 250 <.FTMC>, up more than 1% to a three-week high a on Thursday after two Bank of England policymakers unexpectedly voted for lower interest rates, also shed 0.4%.

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