Ftse 100 down 0.14%, ftse 250 falls 0.1%
OECD Cuts Global Growth Outlook, Cites Trade War IMPACT
UK Needs Tough Action on Government Budget Policy, OCD Warns
Chemring Group Hits Near 14-Year High
Euro Zone Inflation Falls BELOW ECB TARGET
June 3 (Reuters) – Britain’s Main Indexes Fell on Tuesday, Pressured by Mining and Financial Stocks, With Investors Growing Cutious Over Unpredictable Us TRADE POLICIES, DAMPENING SENTION
As of 0946 gmt, the blue-chip ftse 100 was down 0.14%, and the midcap ftse 250 fell 0.1%.
The Organization for Economic Cooperation and Development (OECD) Trimmed Its Global Growth Outlook and Said the Trade WAS WAS WAS Taking A Bigger Toll on the US Economy Than Before.
The Paris-Based Organization also Urged Britain’s Government to Make Stronger Efforts to Reduce Borrowing and Debt, Debt, Just Days Before Rachel reeves presents presents previous Plans.
Investors were alredy unsettled by us President Donald Trump’s Friday Announcement to Increase Tarifs on Imported Steel and aluminum from 25% to 50%.
Industrial Metal Miners Bore the Brunt of the Trade Jitters, Falling 2.5%, as London Copper Price Lost Ground on Concerns of Possible Us Tariffs on the Metal.
Losses in Financial Stocks also weighed on bot the indexes, with an index tracking the uk banks dropping 1.4%.
On the flip side, the aerospace and defense sub-Index Continued to Gain for the Second Consecurable Day after Prime Minister Keir Starmer Announced on Mande Bring britain up to “War-Fighting Readiness”.
Chemring group jumped 6.5% to the top of the midcap index after the definition contractor posted the highest-eye book for the six months ended April 30.
Elsewhere, Euro Zone Inflation Eased Below The European Central Bank’s Target Last Month, Underpinning Expectations for Anotheer Interest Rate Cut Cut This Week. (Reporting by Ragini Mathur in Bengaluru; Editing by Vijay Kishore)
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