London shares slip as oil rally fuels inflation fears
London shares edged lower on Tuesday as rising oil prices fueled inflation concerns. Energy stocks gained while pharmaceutical and consumer firms dragged down the index.
Xurve View
Insights:
Xurve View
London's benchmark FTSE 100 fell 0.1% to 10,811.66 points during Tuesday's late afternoon trading session as rising energy costs sparked inflation concerns across global markets. The decline came after energy facilities in Saudi Arabia faced attacks from Yemen-based Houthi forces. The broader market weakness weighed on equities despite gains in commodity-linked shares.
