FTSE 100 ends down as defence stocks offset commodity gains

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 36 sec. here
  • 31 min. at publisher
  • 📊 Quality Score:
  • News: 119%
  • Publisher: 78%

Kitco News News

Gold,Silver,Platinum

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

April 9 - Britain's blue-chip share index closed lower on Tuesday after defence stocks succumbed to a bout of profit-taking and offset gains in mining and oil shares that were lifted by stronger commodity prices.

Investors were also cautious ahead of U.S. inflation data, the European Central Bank's monetary policy decision and UK GDP data this week that could set the tone for the pace of monetary policy easing across regions this year. An early Easter boosted food spending in Britain last month, lifting retail sales by the most since August, but the broader picture remained subdued as wet weather dampened demand for other goods, the British Retail Consortium said.

Industrial metal miners , opens new tab rose 1.4% as iron ore futures prices continued to gain on hopes of improving demand for the key steel-making ingredient in top consumer China. Copper prices steadied near 14-month highs.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Dow futures sink over 100 points as doldrums persistInvestors are growing gloomy about the chances the Fed will delay a rate cut until the second half of the year.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »