Quantcast
Friday , July 21 2017
Breaking News
Home / International Markets / UK stocks take negative start, FTSE 100 sheds 67pts
UK stocks take negative start, FTSE 100 sheds 67pts

UK stocks take negative start, FTSE 100 sheds 67pts

LONDON: Britain’s FTSE 100 index is seen opening around 67 points lower, or down 1 percent, on Monday, according to financial bookmakers.
The UK blue chip index closed 36.20 points higher on Friday at 6,832.83.
Greek leftist leader Alexis Tsipras promised on Sunday that five years of austerity, “humiliation and suffering” imposed by international creditors were over after his Syriza party swept to victory in a snap election on Sunday.
While Tsipras fell just short of an overall majority, he is set to lead the first euro zone government committed to overturning the kind of budgetary rigour that was imposed on Greece as a condition of the bailout in 2010, which could embolden anti-austerity parties across the euro zone.
The owner of British Airways has made a third takeover approach to Aer Lingus, offering to pay 2.50 euros per share, or around 1.3 billion euros in total for the Irish airline, Sky News reported on Saturday.
Oil slid on Monday, with U.S. crude falling close to a six-year low, after Greece’s election results heightened uncertainty in the euro zone and depressed the bloc’s currency against the dollar.
London copper fell almost 2 percent to its weakest level in nearly two weeks, pressured by a stronger dollar as the euro stumbled.