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London stocks dip as global virus cases rise; Glencore slides | Malay Mail

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LONDON, June 22 — UK shares retreated today as a surge in global coronavirus cases sparked fears of another lockdown and further economic damage from the Covid-19 pandemic, while Glencore slipped after disclosing a criminal investigation into the company. London-listed shares of Swiss commodity...

The blue-chip FTSE 100 was down 0.2 per cent and the mid-cap FTSE 250 0.1 per cent, led by declines in battered energy, banks and travel and leisure stocks. — Reuters pic

London-listed shares of Swiss commodity miner fell as much as 5.8 per cent to a three-week low after it said the Office of the Attorney General of Switzerland was investigating it for failure to have measures in place to prevent alleged corruption in the Democratic Republic of Congo. “The market is caught between fears of a second Covid-19 wave and improving data,” said Stephen Innes, markets strategist at AxiCorp.

UK stock markets have rebounded since a stunning coronavirus-driven crash in March and are on course to rise for a third straight month as some businesses reopened from a nationwide shutdown.

 

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