FTSE 100 falls in the face of trade war escalation fears

US-China trade war

The FTSE 100 has fallen by 0.5% in morning trading on Monday (3 June) amid continued concerns over a trade war between the US and China and threats of American tariffs on Mexican goods, with banks and asset managers among the most affected.

Trump's visit to the UK has also sparked further political controversy, with market shares reflecting uncertainty as future relations between the UK and US are questioned.  Ocado Group saw the sharpest decline in in the index with a 3.56% fall (as of 10:30am GMT) but this was closely followed by the likes of Hargreaves Lansdown, St James's Place and Standard Life Aberdeen, which are down by 3.27%, 2.58% and 2.13% respectively. Schroders also saw a fall of 1.82%, with Legal & General Group showing a decline of 1.68%. Banks also appear to be struggling with Lloyds clocking in with a fal...