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April 2 (Reuters) - London's main indexes fell on
Thursday, snapping three straight days of gains, as market
sentiment weakened after U.S. President Donald Trump vowed more
aggressive strikes on Iran.
Trump had earlier signalled he wanted a quick end to the
war, raising hopes of de-escalation, but his latest remarks have
spurred a risk-off mood across financial markets.
The blue-chip FTSE 100 index fell 0.2% by 1149 GMT,
while the midcap FTSE 250 was down 0.9%. Both indexes
were still on track to end the holiday-shortened week higher.
* The energy index rose 3.6% after oil jumped
more than 7% following Trump's comments, stoking investor fears
about sustained supply disruptions.
* Oil majors BP and Shell rose 4.5% and 3.3%
respectively, ranking among the top gainers on the benchmark
index.
* Precious metal miners fell 5.1% and were
the biggest drag on the index, after gold prices slid following
the comments.
* Markets are pricing in more than two quarter-point cuts by
the Bank of England by the end of the year, according to data
compiled by LSEG.
* British business confidence fell from +2.8 on the eve of
the conflict to -1.1 by the end of the 10-week survey period on
March 16, according to a survey of accountants that echoed
similar concerns from other groups since the start of the
U.S.-Israeli attacks.
* British companies expect to raise prices more quickly in
the coming 12 months as they respond to a surge in energy prices
due to the Iran war, a Bank of England survey showed.
* Markets will be closed for Good Friday and Easter Monday.