FTSE 100 Down Slightly In Lackluster Trade
(RTTNews) - The U.K. stock market is down in negative territory a little past noon on Thursday, weighed down by weakness in the mining sector, and a mild bout of selling in energy stocks.
However, the downside is just marginal thanks to rising expectations of a Fed rate cut, and hopes of a potential Russia-Ukraine peace deal.
The benchmark FTSE 100, which drifted down to 9,652.80 earlier in the session, was down 10.41 points or 0.11% at 9,681.17 a little over half an hour past noon.
Anglo American Plc, Rio Tinto and Antofagasta are down 1.7%, 1.6% and 1.3%, respectively.
Imperial Brands is declining by about 3%. LondonMetric Property, British American Tobacco, Intercontinental Hotels Group, Severn Trent, 3i Group, WPP and BP are down 1 to 1.6%.
Among the gainers, Centrica is climbing up nearly 3%. Glencore is rising 2.7%, while Persimmon, Natwest Group, St. James's Place, Llodys Banking Group, Barclays, Melen Energy & Metals and Schroders are up 1.3 to 2.1%.
Entain is up nearly 1%. The company expects a £200 million hit and aims to mitigate roughly a quarter.
UK Jobless Rate Remains Unchanged; Wage Growth Cools
European Shares Set For Cautious Open
Indian Shares Modestly Higher In Cautious Trade As IT Stocks Surge
Asian Markets Track Wall Street Lower
Indian Shares Seen Little Changed At Open
Lower Open Expected For Thai Stock Market
Indonesia Bourse May See Continued Consolidation On Tuesday
