FTSE 100 on track for fourth straight day of losses

  • Reuters
  • Stock Market News
FTSE 100 on track for fourth straight day of losses
Credit: © Reuters.

* FTSE 100 down 0.1%, FTSE 250 down 0.2%

* Superdry at a 7-month low after FY report

* Recruiter PageGroup's downbeat outlook hits rivals

July 10 (Reuters) - London's main bourse is on course for its fourth straight day of losses on Wednesday, the longest losing streak since January, as consumer stocks and pharmaceuticals pressure the index, while small-cap retailer Superdry slumped after it reported a loss.

The weakness in UK markets have been triggered by waning hopes of more accommodative policies from the U.S. Federal Reserve. Fed Chariman Jerome Powell is expected to speak later today.

The FTSE 100, an index of blue-chip stocks .FTSE , slipped 0.1% and the FTSE 250 midcap index .FTMC dropped 0.2% by 0708 GMT.

Fashion group Superdry SDRY.L fell 10% to a more than seven-month low after reporting a loss compared to a year-earlier profit. Recruitment firm PageGroup PAGE.L fell 10.5% among midcaps after warning on earnings amid Brexit uncertainties. rivals Hays HAYS.L and Robert Walters RWA.L were also down 5.7% and 1.7%, respectively.

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