The FTSE 100 closed 0.2 per cent lower, with commodity-linked stocks weighing heavy on the blue-chip index, as global markets weighed up the uncertain economic outlook in China. The more domestically focused FTSE 250 midcaps index dropped 1.3 per cent.
Real-estate stocks lost more than 1 per cent after a survey showed British property market activity stalled in October and house price growth slowed to its lowest quarterly level since February 2020 due to a disastrous “mini-budget” and a cost-of-living crisis. European oil stocks dipped 1.4 per cent as crude prices fell on worries about the outlook for the world’s biggest crude importer, while China-exposed automakers and luxury goods firms also dropped.
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