The FTSE 100 experienced a slight downturn, falling approximately 0.1% to 9,680 points. This marks the fourth consecutive day of losses. While earlier gains in industrial miners driven by record-high copper prices slowed down, optimism regarding potential US interest rate cuts helped to limit further decline.
- The FTSE 100 dipped around 0.1% to 9,680 points.
- Glencore fell 1.5% from its 10-month peak.
- Antofagasta and Anglo American each lost roughly 0.8%.
- Rio Tinto edged down 0.2% amid plans for cost reductions and productivity gains.
- Frasers Group slipped 0.7% after reaffirming full-year guidance.
- WPP gained 1.1% after it was announced the company would exit the FTSE benchmark.
The market is exhibiting mixed signals. A decrease in some key sectors such as mining and retail is being partially offset by positive movement in individual stocks. Overall, external factors like potential interest rate changes continue to significantly influence the market’s direction.