London stocks fall as Middle East detente hits energy giants

fr.investing.com (French)

London stocks fell Thursday as lower oil prices weighed on energy giants, ending the FTSE 100's longest winning streak since late May. The index dropped 0.5%, with Shell and BP declines offsetting strong insurance results. Brent crude fell 0.5% to near $87.40 amid hopes for a reopening of trade through the Strait of Hormuz following Qatari-Iranian talks. Prudential slipped 1.2% despite an 8% profit rise, while UK car production fell 11.6% in July. Traders await Federal Reserve Chair Kevin Warsh's first Jackson Hole speech Friday for rate guidance. Industrial miners gained on a seventh straight day of zinc price increases.


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