Miners, tepid earnings forecasts drag UK equities lower -January 09, 2024 at 04:39 am EST

Date:

(For a Reuters live blog on U.S., UK and European stock
markets, click or type LIVE/ in a news window)

* FTSE 100 down 0.2%, FTSE 250 off 0.4%

* UK retailers report subdued Christmas spending

* Hays issues profit warning, shares fall

* JD Sports top decliner on FTSE 100

Jan 9 (Reuters) – Britain’s benchmark FTSE 100 reversed
early gains to slip on Tuesday, hurt by a sell-off in mining
shares, while midcap stocks dropped on lacklustre earnings and
forecast releases.

The blue-chip FTSE 100 dipped 0.2% by 9:24 GMT,
while the midcap index FTSE 250 edged 0.4% lower.

Precious metal miners slipped 0.8%, while
industrial metal miners closely followed with a
0.9% fall as copper prices dipped ahead of money supply data
from top consumer China and U.S. inflation numbers this week.

Meanwhile, industry data showed British retailers reported
tepid…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...