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FX.co ★ FTSE 100 Slips as Travel Stocks Drag After Airport Cyberattack

FTSE 100 Slips as Travel Stocks Drag After Airport Cyberattack

On Monday, the FTSE 100 index in London declined by 0.2%, reaching 9,200, as market participants awaited the S&P Global flash PMI survey and several speeches from officials at the Bank of England and the Federal Reserve, seeking new policy insights. Stocks related to travel were hit hardest following a cyberattack that significantly disrupted check-in software operations at airports in London, Berlin, and Brussels over the weekend. This led to a 1.5% decrease in shares of International Airlines Group, which owns British Airways, and easyJet. These declines occurred despite the UK government's recent approval of a second runway at Gatwick Airport.

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