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FX.co ★ FTSE 100 Slips As Miners Drag

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typeContent_19130:::2024-03-11T10:21:00

FTSE 100 Slips As Miners Drag

UK stocks presented a subdued performance on Monday with traders choosing to exercise caution in anticipation of key US consumer price inflation and producer price inflation data set to be released this week. This data could potentially influence the Federal Reserve's decisions regarding rate trajectories.

The FTSE 100, the benchmark index, noted a decrease of 11 points or 0.1 percent, settling at 7,648 after experiencing a 0.4 percent loss on the previous Friday.

Stocks from mining companies lead the losses with Anglo American and Glencore witnessing a fall of 1.4 and 2 percent respectively.

Shares of electronics retailer, Currys, nosedived by more than 8 percent following announcements from Elliott Investment Management about their decision to refrain from making a takeover bid for the company.

In contrast, shares of Marston's, the brewing and pub giant, experienced an approximate 1 percent rise after the company's chair confirmed plans to step down later this year.

British Land saw a fall of about 1 percent following its decision to appoint William Rucker as its chair designate.

Shares of tobacco giant, Imperial Brands, showed a significant rally of 3 percent on the back of the launch of a £1.1 billion share repurchase program.

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