UK stocks slip on renewed U.S. ratehike worries
Melrose jumps on upbeat profit outlook
Miners dip after weak China data
Synthomer falls on weak demand recovery
FTSE 100 slips 0.1, FTSE 250 down 0.3
Sept 7 Reuters UK stocks extended declines on Thursday after strongerthanexpected U.S. economic data rekindled concerns that interest rates would stay higher for longer, while aerospace supplier Melrose Industries rose on an upbeat profit outlook.
The bluechip FTSE 100 index dipped 0.1 by 0815 GMT, extending losses for a fourth straight session.
Wall Street39;s main indexes tumbled on Wednesday after data showed the U.S. services sector unexpectedly gained steam in August, indicating sticky price pressures.
ISM services sector data number perhaps just plays into people39;s figures that inflation will struggle with that last leg to 2, which will mean that rates don39;t go higher, but they do stay higher for longer, said Craig Erlam, senior market analyst, OANDA.
Central banks of Europe, the UK and the United States will hold their monetary policy meetings later this month as market participants are hoping for an end to the global tightening cycle.
Further weighing on the exporterheavy FTSE 100, data showed China39;s exports and imports fell in August as the twin pressures of sagging overseas demand and weak consumer spending squeezed businesses in the world39;s secondlargest economy.
Commodityrelated stocks fell, with metal miners shedding 1.8 to lead the sectoral…