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FTSE 100, FTSE 250 fall over 1%
Banks decline for second straight session
Ocado slumps as US partner Kroger closes robotic warehouses
Imperial Brands rises after beating profit forecast
Updates after markets close
Nov 18 (Reuters) - London stocks fell on Tuesday with financials extending losses, while global markets remained wary as fading hopes of a Federal Reserve interest rate cut left investors cautious ahead of key economic data.
The blue-chip FTSE 100 .FTSE closed 1.3% lower in a widespread sell-off, losing for the fourth consecutive session and marking its worst performance since April 9, when markets worldwide were rattled by U.S. President Donald Trump's tariff announcements.
The mid-cap FTSE 250 .FTMC declined 1.2%, falling for a fifth consecutive day.
Banking shares .FTNMX301010 led the downturn for a second straight day, falling 2.8% as Barclays BARC.L, HSBC HSBA.L, and Standard Chartered STAN.L dropped between 2.2% and 3.4%, weighing heavily on the FTSE 100.
Industrial miners .FTNMX551020 also faced pressure, with Anglo American AAL.L leading declines at 2.6%, while Rio Tinto RIO.L and Glencore GLEN.L fell 2% and 2.6%, respectively, as copper prices fell for a third straight session. MET/L
Travel and leisure stocks .FTNMX405010 shed 1.5%, mirroring weakness across European counterparts amid escalating geopolitical tensions between China and Japan.
Global markets' sentiment was dominated by concerns over elevated tech valuations and increasing scepticism about a potential Fed rate cut in December. Investors are now focused on upcoming U.S. economic data releases, and AI bellwether Nvidia's NVDA.O earnings on Wednesday.
Also on Wednesday, traders in Britain will closely monitor the country's inflation report.
Among individual movers, online supermarket and technology group Ocado's OCDO.L shares slumped 17.4% to the lowest since 2013, after U.S. partner Kroger said it would close three automated warehouses in January.
Bucking the trend, cigarette maker Imperial Brands IMB.L rose 2.4% after reporting annual profit that exceeded analyst expectations.
Asset manager Intermediate Capital Group ICGIN.L rose 4.5% following news Europe's largest asset manager Amundi AMUN.PA would acquire a 9.9% stake in the company.
Convenience food producer Greencore GNC.L jumped 6.3% after reporting full-year adjusted operating profit of 125.7 million pounds ($165.37 million), up from 97.5 million pounds the previous year.
($1 = 0.7601 pounds)
(Reporting by Utkarsh Tushar Hathi; Editing by Krishna Chandra Eluri and Chris Reese)
((utkarshtushar.hathi@thomsonreuters.com))
