UPDATE 2-Miners, Burberry drop as trade fears knock FTSE


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    * FTSE 100 down 0.6%, FTSE 250 down 0.5%
    * Miners, HSBC slip as trade uncertainty prevails
    * British Airways owner falls after cutting forecast

 (Adds company news items, updates share moves)
    By Shashwat Awasthi and Muvija M
    Nov 8 (Reuters) - Falls for mining stocks and a 4% drop in
Asia-exposed luxury brand Burberry led London's FTSE 100 lower
on Friday, as doubts about a U.S.-China trade deal halted a
five-day winning streak for European markets.
    The main index  .FTSE  was down 0.6%, while the FTSE 250
 .FTMC , which hit a three-week high on Thursday after two Bank
of England policymakers unexpectedly voted for lower interest
rates, shed 0.5%.  urn:newsml:reuters.com:*:nFWN27N1W0  
    Positive trade signals this week, including a report that an
agreement between China and the United States to roll back
tariffs as part of a "phase one" trade deal was all but done,
had spurred a fresh round of bets on shares.  urn:newsml:reuters.com:*:nL3N27N228
    Some of that optimism faded after sources familiar with the
talks said the plan faced opposition on multiple fronts and
President Donald Trump said he had not agreed to rollbacks of
U.S. tariffs sought by China.  urn:newsml:reuters.com:*:nL2N27O0Q7 
    Miners  .FTNMX1770  tumbled 2% on their worst day in a
month, while Asia-focused financials Prudential  PRU.L  and HSBC
 HSBA.L  were also among big drags on the main bourse.  
    While off the week's highs, the FTSE still recorded gains of
nearly 1% for the five days.   
    A near 20% surge for Warhammer-owner Games Workshop  GAW.L 
following upbeat forecasts helped cap losses on the midcap
index, which marked its best week in four.
    However, in a sign that worries over Brexit had far from
receded, data from Halifax showed British house prices rose at
their slowest annual pace in 6-1/2 years last month which led
housebuilders lower.  urn:newsml:reuters.com:*:nL8N27N3Q1
    Blue-chips Barratt  BDEV.L  and Berkeley  BKGH.L  dipped
2.2% and 1%, respectively. 
    Lloyd's insurer Beazley  BEZG.L  advanced 7% after it said
year-to-date returns on investment had surged as falling U.S.
yields boosted gains in its fixed income portfolio.  urn:newsml:reuters.com:*:nL3N27O243
    That followed a dive in shares of bigger rival Hiscox on
Thursday, the latest sign of concerns over a jump in catastrophe
claims due to hurricanes and other natural disasters. 
    "In the context of widespread concerns about U.S. casualty,
the reminder that Beazley began opening their loss estimates at
a higher level in 2018 is reassuring," Jefferies analysts wrote.

 (Reporting by Shashwat Awasthi and Muvija M in Bengaluru;
editing by Patrick Graham and Kirsten Donovan)
 ((Shashwat.Awasthi@thomsonreuters.com; within UK: +1 646 223
3403; outside UK: +91 80 61822606, +91 80 37962606;))
For related prices, Reuters users may click on - * 
 UK stock report      .L     
 FTSE index:          0#.FTS6  
 techMARK 100 index:  .FTT1X          FTSE futures:      0#FFI:  
 Gilt futures:        0#FLG:          Smallcap index:     .FTSC  
 FTSE 250 index:      .FTMC           FTSE 350 index:     .FTLC  
 Market digest:       .AD.L           Top 10 by vol:      .AV.L  
 Top price gainers:   .NG.L           Top % gainers:      .PG.L  
 Top price losers:    .NL.L           Top % losers:       .PL.L  
 * For related news, click on - *
 UK hot stocks:      [HOT and GB]     Wall Street:           .N 
 Gilts report:        GB/             Euro bond report  GVD/EUR 
 Pan European stock report:  .EU 
 Tokyo stocks:        .T              HK stocks:            .HK 
 Sterling report:     GBP/            Dollar report:       USD/ 
 * For company prices, click on - *
 Company directory:   UKEQ           By sector:           FTAX  
 * For pan-European market data, click on - *
 European Equities speed guide................  EUR/EQUITY  
 FTSE Eurotop 300 index...........................  .FTEU3  
 DJ STOXX index...................................  .STOXX  
 Top 10 STOXX sectors........................  .PGL.STOXXS  
 Top 10 EUROSTOXX sectors...................  .PGL.STOXXES  
 Top 10 Eurotop 300 sectors..................  .PGL.FTEU3S  
 Top 25 European pct gainers....................  .PG.PEUR  
 Top 25 European pct losers.....................  .PL.PEUR ))

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