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London Stock Exchange (LSE)

UK Stocks Fall as Weak Retail Sales Fan Recession Fears

London Stock Exchange (LSE)
UK stocks closed lower on Friday, hurt by the risk-off mood gripping global markets and weaker-than-expected domestic retail sales data.

KONTAN.CO.ID - LONDON. UK stocks closed lower on Friday, hurt by the risk-off mood gripping global markets and weaker-than-expected domestic retail sales data that highlighted growing recession risks at home.

The blue-chip FTSE 100 slipped 0.6% while the domestically-focussed mid-cap FTSE 250 shed 0.5%.

Both the indexes marked sharp weekly losses as appetite for equities worsened worldwide on worries that aggressive monetary policy tightening by global central banks would choke growth.

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