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FTSE 100 set for loss as homebuilders, HSBC fall

Barclays has turned cool on the residential construction sector, as market sentiment follows suit

FTSE 100 set for loss as homebuilders, HSBC fall

UK stocks fell for the first time in three sessions on Monday, with homebuilders under pressure and HSBC moving lower following the lender’s quarterly earnings report, writes MarketWatch.

What markets are doing: The FTSE 100 index fell 0.3% to 7,485.47, with the consumer goods and basic materials groups losing the most. The benchmark on Friday rose 0.3%, trimming its weekly fall to 0.2%.

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