FTSE 100 falls for 6th straight session on staples weakness
The FTSE 100 edged lower for a sixth consecutive session as consumer staples fell, with Unilever nearly 2% down, British American Tobacco down 1.6%, Diageo down 2.8%, and Tesco off almost 3%.
The FTSE 100 edged lower on Monday, extending its decline to a sixth consecutive session as weakness in consumer staples weighed on the index. 8%, respectively. Tesco also lost almost 3%. In contrast, mining stocks benefited from stronger metals prices.
6%, supported by higher gold prices, while Antofagasta, Anglo American and Glencore also advanced as copper prices continued to rise. Pharmaceuticals provided some support, with AstraZeneca gaining about 1% and GSK rising more than 2%. Meanwhile, oil prices moved higher as renewed violence in the Middle East raised concerns about further escalation. Hopes for a diplomatic resolution weakened after President Donald Trump reportedly indicated he was in no rush to end the conflict with Iran, while fighting intensified again in Lebanon.