Energy stocks drag FTSE 100 lower ahead of Jackson Hole

  • Reuters
  • Stock Market News
Energy stocks drag FTSE 100 lower ahead of Jackson Hole
Credit: © Reuters.

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* FTSE 100 down 0.2%, FTSE 250 flat

Aug 26 (Reuters) - The FTSE 100 slipped on Wednesday, weighed by a sell-off in stocks ranging from energy to consumer staples and financials, while investor attention turned to an annual central bankers' conference later in the week.

The commodity-heavy FTSE 100 .FTSE was down 0.2%, with BP Plc BP.L , Royal Dutch Shell Plc RDSa.L , British American Tobacco Plc BATS.L and HSBC Holdings Plc HSBA.L among the top drags.

The benchmark index has struggled to build on a strong start to the week as signs of a sluggish economic rebound overshadowed optimism around COVID-19 vaccines and U.S.-China trade. All eyes are now on U.S. Federal Reserve Chair Jerome Powell's address at the virtual Jackson Hole Symposium on Thursday. lender Provident Financial PFG.L jumped 8.3% even as it sank to a loss in the first half of 2020 and suspended its interim dividend. Its shares have more than halved in value this year. mid-cap FTSE 250 .FTMC was flat in early trading.

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