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FTSE 100 Marginally Lower As Pound Rebounds

U.K. shares were marginally lower on Monday as Chinese services sector data disappointed investors and the pound rose versus the dollar ahead of a slew of economic reports due this week, including the latest inflation, retail sales and unemployment data.

Meanwhile, as Brexit talks resume, Prime Minister Theresa May said the ball is the EU's court.

The benchmark FTSE 100 was down 6 points or 0.1 percent at 7,516 in late opening deals after rising 0.2 percent on Friday.

HSBC Holdings was little changed. The banking and financial services company has selected John Flint, head of retail banking and wealth management, to be its new chief executive officer.

EasyJet shares fell over 1 percent. The New York Times reported that the airline's talks with the insolvent carrier Air Berlin over the sale of up to 30 planes are at risk of falling apart.

Smith & Nephew lost about 1 percent on saying its CEO Olivier Bohuon would retire by the end of 2018.

by RTTNews Staff Writer

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