FTSE indexes hit two-month lows on oil and rate fears
UK stocks hit two-month lows as oil prices rose above $100 a barrel. Higher energy costs renewed inflation fears and led traders to scale back rate-cut bets.
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Equity markets in the United Kingdom retreated to their lowest levels in nearly two months on Monday as a combination of geopolitical volatility and surging energy costs dampened investor sentiment. The blue-chip FTSE 100 index fell 1.1% by mid-morning, while the mid-cap FTSE 250 saw a steeper decline of 1.6%. These losses followed the worst weekly performance for both indexes in nearly a year.
