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.
U.S. Dollar Climbs Against Majors
Swiss Market Settles Modestly Higher
Major European Markets Close On Mixed Note
TSX Drifts Lower As Strong Jobs Data Tempers BoC Rate Cut Hopes
U.S. Consumer Sentiment Rebounds Much More Than Expected In December
U.S. Consumer Prices Increase In Line With Estimates In September
EU Fines X 120 Mln Euros For Breaching Transparency Obligations Under DSA
