FTSE 100 down 0.6, FTSE 250 off 0.8

June 29 Reuters UK39;s top share index slipped from twoweek highs on Wednesday, echoing sharp losses in Asian equities and Wall Street overnight, as weak U.S. consumer confidence data revived fears about a recession in the world39;s largest economy.

The bluechip FTSE 100 index dropped 0.6 by 0704 GMT, on track to snap a threeday gaining streak, while the domestically focussed midcap FTSE 250 fell 0.8.

Industrial metal and mining stocks were among the worst hit, down 1.3, as copper prices slipped after downbeat U.S. consumer confidence data and prospects of rapid rate hikes to control a surge in inflation fanned fears of a global economic slowdown.

Miner Anglo American and spirits maker Diageo fell 2.8 and 2.4, respectively, after Deutsche Bank cut ratings for both companies.

However, oil majors such as Shell and BP edged higher even as crude prices remained under pressure.

Reporting by Boleslaw Lasocki in Gdansk; editing by Uttaresh.V

Source Reuters