FTSE 100 goes down as miners dip

FTSE 100 goes down as miners dip

On Wednesday, British equities headed south, with mining shares acting as a drag on the blue-chip benchmark, though Reckitt Benckiser Group PLC soared after making a deal to sell its food business.

The FTSE 100 index UKX decreased 0.1% being worth 7,381.70, shrugging off a gain of 0.3% at the beginning of the trading session. Industrial shares and basic materials turned to be among sectors in the red. Meanwhile, consumer-related equities inched up. On Tuesday, the London benchmark concluded down by 0.2% after rather a choppy trading session.

Meanwhile, mining equities sagged alongside a sink in greenback-denominated prices for metals including platinum and gold. The dollar DXY gained 0.2%, Randgold Resources Ltd sank 1.2%, while copper producer Fresnillo PLCFRES tumbled 0.6%.

BHP Billiton Ltd. BLT slumped 1.1% after the company told it actually expects copper output to ascend by 25%-35% in 2017. The miner informed that its output has been held back due to a strike at the Escondida mine, Chile.



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