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London Markets: FTSE 100 falls, hampered by prospect of faster Fed rate hikes

U.K. stocks closed lower Wednesday, finishing up February with a monthly loss, as investors focused on the prospect of rising borrowing costs in the U.S. after comments from new Federal Reserve Chairman Jerome Powell.

A slowdown in factory activity in China, a key market for London-listed metals producers, also put pressure on London’s benchmark.

How markets are moving

The FTSE 100 index UKX, -0.69% fell 0.7% to end at 7,231.91. On Tuesday, the London gauge slipped 0.1%.

For February, the FTSE 100 gave up 4%. That marked its worst monthly performance since August 2015, according to FactSet.

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