FTSE 100 LIVE: British FTSE index to open 27 points LOWER amid coronavirus and Brexit fear | City & Business | Finance


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The UK blue-chip index closed 1.1 percent lower on Tuesday as worries about a second wave of coronavirus curbs across parts of Britain offset the impact of progressin Brexit talks and positive results from HSBC.

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Meanwhile, Oil prices slid around 2 percent giving up most of the previous day’s gains.

A surge in US crude stocks and growing coronavirus infections in the UnitedStates and Europe fanned fears of a supply glut in oil and weaker fuel demand.

Gold prices stayed above the $1,900-mark, as uncertainties about US elections and surging global coronavirus cases countered pressure from a firmer dollar and fading hopes of an immediate US stimulus package.

Elsewhere, Daimler unit Mercedes-Benz is to lift its stake in Britain’s Aston Martin to up to 20 percent by 2023, making it one of the struggling British carmaker’s largest shareholders, Aston Martin said.


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