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FTSE 100, FTSE 250 down 0.1%
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Trump tells Ukraine to give up on NATO and Crimea
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Asking prices for UK homes drop, but July sales hit 5-year
high
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Dr Martens ( DOCMF ) gains after Peel Hunt upgrades stock
Aug 18 (Reuters) - Britain's main stock indexes edged
lower on Monday, dragged by losses in financial and energy
sector shares, as investors monitor U.S.-led peace negotiations
in the Russia-Ukraine conflict.
As of 1010 GMT, the blue-chip FTSE 100 inched 0.1%
lower, well below Friday's intraday record high, though the
index closed last week with modest gains. The midcap FTSE 250
also fell 0.1% on Monday.
Markets are bracing for U.S. President Donald Trump's
meeting with Ukrainian President Volodymyr Zelenskiy and
European leaders later in the day. Ahead of the meeting, Trump
told Ukraine to give up hopes of getting back annexed Crimea or
joining NATO.
After his Friday's summit with Russian President Vladimir
Putin, Trump has appeared more aligned with Moscow on seeking a
full peace deal with Ukraine instead of a ceasefire first.
Energy sector was 0.6% down on Monday, as oil
markets were volatile, reacting to Washington's signals on
secondary sanctions on Russian oil.
Financial sector was the main underperformer with life
insurers index and banking index
falling 1% and 0.4% respectively.
On the flip side, defensive stocks such as precious metal
miners, healthcare, and utilities
rose over 0.5% each.
Economic data on the day revealed that asking prices for
newly advertised British properties fell in the four weeks to
mid-August, though less notably than in previous months. July
sales reached their highest level for that time of year since
2020.
A gauge of Britain's homebuilders gained
0.9%.
Later this week, attention will turn to the Jackson Hole
symposium where U.S. Federal Reserve chair Jerome Powell may
offer clues on future interest rate direction.
Among single stocks, bootmaker Dr Martens ( DOCMF ) jumped
8.4% after brokerage firm Peel Hunt upgraded the stock to "buy"
from "add".