FTSE 100 falls as energy, banking shares drag | Malay Mail

LONDON, July 26 — Banks and energy shares dragged London’s FTSE 100 lower today, with worries about rising inflation and a jump in local Covid-19 infections denting sentiment further.HSBC Holdings and Barclays were among the top drags. They tracked the UK’s benchmark bond yield lower, which fell to its lowest since February.

“As investors balance up the pincer like concerns of rising inflation and slowing growth, the benefit of the doubt appears to be leaning towards a slowed recovery, rather than one that has stopped in its tracks,” said Michael Hewson, chief market analyst at CMC Markets.

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