India, Oct. 1 -- U.K. stocks tumbled Thursday morning, pushing the benchmark FTSE 100 down to its lowest level since June, as higher oil prices triggered inflation concerns and raised the prospects of monetary tightening by several central banks.
Data showing a sharp slowdown in house-price growth in UK hurt as well. Bank stocks were among the major losers.
Brent crude front-month futures surged to $100.79 a barrel, gaining nearly 3%, before easing slightly to $100.10 a barrel.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....