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

9mo ago
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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