Economics
U.K. Stocks Decline Amid Political Impasse in U.S., Italy
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U.K. stocks fell to their lowest level in a month, paring a quarterly gain, as Italy’s government faced collapse and the U.S. government neared a partial shutdown that would slow growth in the world’s biggest economy.
A measure of London-listed mining stocks slipped to a four-week low as a report showed manufacturing in China expanded at a slower pace than economists had predicted. Salamander Energy Plc slumped 9.6 percent after saying it abandoned an exploratory well in the Gulf of Thailand. Persimmon Plc gained 2.4 percent as JPMorgan Chase & Co. upgraded its rating on the housebuilder.