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London Markets: FTSE 100 falls as investors find reasons to stay on sidelines

U.K. stocks pulled back Friday, with shares in energy companies and Burberry falling, as the market’s appetite for risk was sapped by weak Chinese inflation figures and inaction by the European Central Bank.

The FTSE 100 UKX, -0.24% dropped 0.3% to 6,837.53. The reluctant investing mood was highlighted by gains for utilities, a defensive sector. The benchmark on Thursday ended 0.2% higher, helped by commodity, bank and housing shares.

Traders are still assessing the ECB’s decision on Thursday to leave interest rates at ultralow levels and make no changes to its quantitative easing program.

Read:Next time, Draghi should say the ECB has done all it can

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