Earnings, China worries drag FTSE 100 to three-month low

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Nov 12 - London's benchmark index hit its lowest point in over three months on Tuesday, fuelled by concerns over Donald Trump potentially appointing a China hawk as the leading U.S. diplomat, along with some disappointing corporate updates.Industrial metal miners , fell 2.4% as copper prices hit a two-month low, on worries about the impact of incoming U.S. President Trump on the economy of top metals consumer China.

Personal Goods , led sectoral declines, falling 5.9%, as Burberry , extended declines by 6% from the previous session, after Reuters reported Moncler , is not in talks to take over the luxury brand. The medical equipment and services sector , gained 8%, boosted by a 20% surge in Convatec Group , after the medical products and technologies firm raised its full-year organic sales growth.

 

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