BREAKING NEWS

IAG, miners fall as trade angst weakens FTSE

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 -
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TOBY MELVILLE(Reuters)
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(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)

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