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Miners drag FTSE lower after more poor Chinese data -- IG's Morning Market Headlines 10.08.12

4y ago


The comments in this video do not constitute investment advice and IG Index accepts no responsibility for any use that may be made of them. Latest financial market news: (all times are London time) FTSE -13 at 5837 after two days of single digit gains. Mining companies are providing a drag, all heavyweight sectors lower but still comforting to see UK market outperform. Chinese data points to a weakening in exports, imports and the trade surplus. European markets are looking at some end of the week profit taking as well as the China effect, losses of over 1% in Italy and Spain Two of the lesser names top and tail today Shares in Bunzl down -3% UBS cuts to Sell Intertek shares +2% Citigroup raises target Corn futures as they are once again at an all-time high as droughts in US and Russia continue to deplete stocks which are reported as at a four-year low. S&P set to dance around 1400; today the opening call is -5 at 1397