U.K. stocks extended their losing streak for the fourth consecutive day, with the FTSE 100 Index falling 0.04% to close at 7,612.86. Clothing retail company JD Sports Fashion PLC experienced the largest decline, as its shares dropped by 5.27%.
Wireless telecommunications services firm Airtel Africa PLC and general services company Ashtead Group PLC also saw significant declines, with their shares falling by 4.40% and 4.34% respectively. Home goods retail company Howden Joinery Group PLC and major international banks company Barclays PLC rounded out the top five largest decreases, as their stocks shed 3.96% and 3.34% respectively.
On the other hand, food retail company Ocado Group PLC witnessed the largest increase among the FTSE 100 constituents, with its shares climbing by 3.56% on Monday. Pharmaceuticals firm GSK PLC and chemicals company Croda International PLC also experienced gains, with their shares increasing by 3.19% and 1.65% respectively. Medical equipment/supplies company Smith & Nephew PLC and firm Diageo PLC rounded out the top five largest increases, as their stocks rose by 1.64% and 1.62% respectively.
In currency markets, the pound was down 0.82% against the dollar at $1.2530 and down 0.33% against the euro at €1.1672. Meanwhile, Brent crude rallied 0.16% to $77.34, and the yield on the 10-year gilt increased by 7.550 basis points to 4.007%.
These market movements continue to reflect the ongoing volatility and uncertainty surrounding global economic conditions. Investors are closely monitoring developments in various sectors and geopolitical events to gauge the potential impact on stock markets.
The auto-generated story was created with data from Dow Jones and FactSet, highlighting the capabilities of automation technology in delivering up-to-date financial news.
