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FTSE 100 down 0.3%, FTSE 250 off 0.1%
April 24 (Reuters) - London's FTSE 100 fell on Monday in early trade as weak demand outlook for crude dragged energy stocks, while a fall in metal prices pressured industrial miners on the commodity-heavy index.
The FTSE 100 fell 0.3%, while the mid-cap FTSE 250 was down 0.1%, as of 0710 GMT. Oil giants BP and Shell lost 1.5% and 1.3%, respectively, as crude prices fell over 1% on concerns about rising interest rates, the global economy and the outlook for fuel demand outweighed support from the prospect of tighter supplies on OPEC+ supply cuts. Base metal miners shed 1.2% after an uneven economic recovery in China weighed on demand for metals in the world's biggest metals consumer. Shares of lender HSBC edged 0.5% lower after shareholder advisory group ISS said HSBC investors should vote against a resolution by its biggest shareholder Ping An.
Meanwhile, asking prices for property being put on sale in
Britain over the past month rose less than normal for the time
of year, data from property website Rightmove showed.
(Reporting by Shristi Achar A in Bengaluru; Editing by Sonia
Cheema)
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