Energy stocks drag FTSE 100 lower as virus fears weigh
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FTSE 100 down 0.6%, FTSE 250 drops 0.8%
Oct 26 (Reuters) - London's FTSE 100 retreated on Monday as a dip in oil prices hit energy stocks, while fears of a faltering economic recovery due to a resurgence in novel coronavirus cases weighed on European markets.
The commodity-heavy FTSE 100 index .FTSE fell 0.6%, dragged by banks .FTNMX8350, mining .FTNMX1770 and industrial .FTNMX2720 stocks.
BP Plc BP.L and Royal Dutch Shell Plc RDSa.L tumbled 1.8% and 2.3%, respectively, as oil prices dropped on concerns over demand for crude. O/R
The domestically-focussed mid-cap FTSE 250 index .FTMC lost 0.8% even as a report said European Union chief Brexit negotiator Michel Barnier was planning to extend his London visit until Wednesday, while a UK minister saw a good chance of striking a trade deal.
However, AstraZeneca Plc AZN.L rose 0.7% after a report said the COVID-19 vaccine being developed by the University of Oxford and the drugmaker produced a robust immune response in elderly people.
(Reporting by Devik Jain in Bengaluru; editing by Uttaresh.V)
((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062; ;))
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