(For a Reuters live blog on U.S., UK and European stock markets, clickLIVE/ or type LIVE/ in a news window) * PMI data points to recession signals * Oil majors lead losses * FTSE 100 down 1.0%, FTSE 250 off 1.1% (Updates to close) By Boleslaw Lasocki June 23 (Reuters) - UK's FTSE 100 dropped on Thursday, following a selloff in oil and mining majors due to tepid commodity prices on persisting concerns about a global recession. The blue-chip FTSE 100.FTSE ended 1% lower, with oil majors BPBP.L and ShellSHEL.L leading losses, while the domestically focused FTSE 250.FTMC shed 1.1%.O/R London-listed shares of global miners including Anglo AmericanAAL.L , Rio TintoRIO.L and GlencoreGLEN.L weakened as copper prices tumbled to a 16-month low.MET/L "The fall in metals ... that's about worries over a slowdown in the global economy," said Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown. An S&P Global survey showed Britain's economy is showing signs of stalling as rapid inflation hits new orders and businesses report levels of concern that normally signal a recession.urn:newsml:reuters.com:*:nZRN004KEH "Despite the UK resembling a stagflationary economy, the UK FTSE appears to offer a relatively good hedge against stagnant growth and stubborn, broad-based inflation," said Sean Darby, global equity strategist at Jefferies. "However, the authorities are boxed in as the UK consumers buckle under pressure from higher mortgage rates, ballooning fuel prices and rising import costs." Data also showed the British government had to borrow a bigger-than-expected amount of 14 billion pounds ($17.14 billion) amid mounting inflation, debt interest costs.urn:newsml:reuters.com:*:nL8N2YA0XF Shares of 888888.L slipped 1.0% after the online gambling firm said it expects a drop in its half-year revenue.urn:newsml:reuters.com:*:nL4N2YA13W TrainlineTRNT.L fell 10.1% to the bottom of the FTSE mid-cap after the rail operator's finance head announced plans to step down.urn:newsml:reuters.com:*:nL4N2YA1I8 Naked WinesWINEW.L tumbled 43.6% after the online wine seller said it intends to trade the business at or around break-even in 2022 amid growing uncertainty in the market.urn:newsml:reuters.com:*:nL4N2YA1IP <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ UK PMIhttps://tmsnrt.rs/3bn8qzK ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Boleslaw Lasocki in Gdansk and Amal S in Bengaluru; Editing by Shailesh Kuber, Sherry Jacob-Phillips and Shinjini Ganguli) ((amal.s@thomsonreuters.com;)) (( 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 andGB Wall Street:.N Gilts report:GB/ Euro bond reportGVD/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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