London markets lose ground from last week's wave; Reckitt Benckiser jumps 5%

The London markets were down on Monday, losing some of the progress made last week, with potentially lower trading volumes due to a US holiday.

Investor concerns remain over trade negotiations progress between the United States and China. Meanwhile, the consumer goods company Reckitt Benckiser Group PLC increased after posting results.

How are the markets going?

FTSE 100

UKX, -0.24%

closed down 0.4% to 7.219.47, after completion last week with a gain of 2.3% ̵[ads1]1; the largest three-week point and percentage gain since July 15, 2016.

Meanwhile, the pound

GBPUSD, + 0.2637%

rose to $ 1.2927 from $ 1.292 late in New York on Friday.

What drives the market?

Trade negotiations in the US and China will continue in Washington this week, giving some hope that the two nations will soon reach an agreement. However, investors are still concerned about the progress of difficult issues such as Washington's dissatisfaction with Chinese technology and trade policies.

US .. The markets will be closed on Monday for the President's day holiday.

Read: All You Need To Know About Market Endings On The Washington Birthday

Which Stocks Were Active?

Reckitt Benckiser Group PLC

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