FTSE 100 Gives Up Early Gains On Weak PMI Data

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - U.K. stocks were slightly lower on Monday, giving up early gains after a survey showed the downturn in the U.K. manufacturing sector continued in September

The seasonally adjusted S&P Global/CIPS manufacturing purchasing managers' index rose slightly to 44.3 from August's 39-month low of 43.0.

The benchmark FTSE 100 was down 16 points, or 0.2 percent, at 7,592 after finishing marginally higher on Friday.Water company United Utilities rose over 2 percent after reporting trading in line with its expectations for the year ending March 2024 and retaining outlook. Pennon shares rallied 3 percent. The water and wastewater group said it has traded in line with expectations in its first half ended 30 September.Copyright 2023 RTTNews.com. All Rights Reserved

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