PL

Planet Labs PBC

6.21
USD
-4.02%
6.21
USD
-4.02%
3.70 11.65
52 weeks
52 weeks

Mkt Cap 1.71B

Shares Out 275.80M

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FTSE 100 falls as weakness in commodities persists

For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 down 0.5%, FTSE 250 off 0.1% June 23 (Reuters) - UK's FTSE 100 slipped on Thursday as commodity prices continued to slide amid growing recession risks, while investor focus was on a slew of data for clues on the strength of the economy and the path for monetary policy as inflation risks mount. The blue-chip index .FTSE fell 0.5%, extending losses after shedding 0.8% on Wednesday, while the mid-cap FTSE .FTMC slipped 0.1%. The heavyweight energy index .FTNMX601010 fell 1.1% in morning trade as crude prices dived more than 2%, while miners .FTNMX551020 slid 1.6% as fears over rising COVID-19 cases in China and aggressive U.S interest rate hikes pushed copper prices to a 16-month low. UK Purchasing Managers' Index (PMI) data, a monthly gauge of activity in the services and manufacturing industries, is due at 8:30 a.m. GMT, while key retail sales data is due on Friday. Online gambling firm 888 888.L fell 4.3% after saying it expects to report lower half-year revenue. (Reporting by Boleslaw Lasocki in Gdansk; Editing by Shailesh Kuber) ((boleslaw.lasocki@thomsonreuters.com +48 58 769 66 00;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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