London close: Stocks finish weaker amid uninspiring data

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The FTSE 100 closed down 0.27%, settling at 7,694.73 points, while the FTSE 250 was 0.3% lower at 19,570.97 points.

In currency markets, sterling was last up 0.2% on the dollar, trading at $1.2664, while it weakened 0.13% against the euro to change hands at €1.1535.

“The strongest US GDP expansion since the fourth quarter of 2021, initial jobless claims unexpectedly holding at two-month lows and rapidly falling US Treasury yields gave US stock indices another boost,” said IG senior market analyst Axel Rudolph.

“While they are back trading close to their recent record highs, European equity indices see a session in the red.

“Worse than expected UK retail sales put a dampener on the FTSE 100’s advance after three straight days of gains.”

Government borrowing tops forecasts, retail downturn deepens

In economic news, the UK government’s borrowing exceeded expectations last month, according to fresh figures from the Office for National…

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