London Stocks Fall on Oil and Rate Hike Worries
London stocks slipped as rising oil prices and mounting prospects of a Federal Reserve rate hike weighed on markets. Energy shares limited the losses while investors awaited key economic data.
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London's benchmark United Kingdom index slipped 0.1% to 10,822.13 points on Monday afternoon as rising crude costs and interest rate hike bets weighed on equities. The FTSE 100 decline matched a 0.3% drop in the mid-cap FTSE 250 index. Energy producers cushioned broader losses as crude prices hovered near six-week highs.
