Update 2-UK Shares tumble as Trump tweet stimulates trade concerns

Update 2-UK Shares tumble as Trump tweet stimulates trade concerns

* FTSE 100 down 0.8%, FTSE 250 down 0.5%

* Thirty days of losses suffered blue chips

* Oil companies among small recovered

* Ted Baker lowest in more than ten years

* Slips after bond issue (Add company news items with, updates on final prices)

According to Shashwat Awasthi and Muvija M

December 2 (Reuters) – UK shares brought back gains to a lower approach on Monday as a combination of US President Donald Trump taking deductions from global trade and disappointing data from the world's most incredible economy.

The FTSE 100 finished down 0.8% on its third session in the red, having raised the same level earlier in the day, and dipped the FTSE 250 medium cap 0.5%.

However, UK stocks succeeded in performing better than their European counterparts due to gains in oil companies on tips that the OPEC and its allies might agree output reductions at the week's meeting. this.

Trump has wonders plans to restore tariffs to the United States. Imports of steel and aluminum from Brazil and Argentina attracted most of the other stocks into the red.

While the estimation of China's factory data helped to start trading on a positive note as investors entered the final month of the year, questions about the health of the global economy were fasting back after the figures of the world. United States losing prospects.

All sectors, with only two sectors, fall on the main table with 7.4% led losses in the Ocado online grocery and technology company after launching convertible bond issuance.

Burberry, like other luxury retailers in Asia among its larger markets, decreased 5% after the data showed that Hong Kong's retail sales in October dropped sharply as anti-government protests attracted tourists and met spending.

In other newspaper-driven moves, the small number of Ted Baker's small cap fell by 8% in more than a decade after the retailer said he could have exceeded the inventory by up to 25 million pounds.

Trade dealings between Beijing and Washington were tracked following the Axios website reporting over the weekend that “Hong Kong legislation has now stopped”.

China's Global Times newspaper also reported last night that Beijing's key priority in a preliminary contract is the abolition of current tariffs.

“It's hard to see the United States. Moving trading pill is very bitter so … It is becoming clearer now why all the talks pulled, ”said analyst OANDA Jeffrey Halley.

This leaves markets with little to be expected as a terrible year, highlighted by the US-China trade war and the uncertainties of Brexit.

Among the winners on the center cap index was Tullow Oil, who climbed 4% on reports that the company agreed to sell in their Uganda oil fields.

$ 1 = 0.7794 pounds
Reporting by Shashwat Awasthi in Bengaluru; Edited by Sherry
Jacob-Phillips and Giles Elgood

Our Standards:The principles of Thomson Reuters Trust.


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