FTSE 100 down 0.1, FTSE 250 flat
Personal goods index lead sectoral declines
Crest Nicholson cuts profit view again, shares fall
PageGroup down on FY profit forecast cut
UK data this week CPI, retail sales, labour market report

Jan 15 Reuters The UK39;s benchmark FTSE 100 reversed early gains to fall on Monday, hurt by a selloff in luxury and bank stocks, while lacklustre corporate earnings forecasts weighed on the FTSE 250 shares.

The bluechip FTSE 100 rose 0.2 before paring the paring the gains and falling 0.1, as of 0929 GMT, while the midcap FTSE 250 index was flat.

Personal goods index fell 2.1, with Burberry extending losses by declining 2.9, after the luxury retailer warned of a worsening slowdown in demand for luxury goods last week.

Top performer nonlife insurers gained 1.1, while banks fell 1.7, heading for a fiveday losing streak.

Lender HSBC lost 2.3 after Exane downgraded the stock, citing margin headwinds.

Investors are awaiting British consumer price inflation data and retail sales figures for December, both of which are due later this week, for more clarity on potential interest rate cuts.

The Bank of England seems to be a relatively hawkish outlier compared to the Federal Reserve and the European Central Bank as they stuck to their higherforlonger policy rhetoric.

Across the Atlantic, investors will closely monitor the business activity data for January and December retail sales from the U.S.

Shares of PageGroup fell 2.5 after the global…