FTSE 100 closing price of 7,035.4, -0.5%
• Miners weigh on FTSE
By Samuel Indyk
The FTSE 100 declined on Tuesday as a number of mining shares weighed on the blue-chip index following a note from Barclays (LON:BARC) on the sector.
Rio Tinto (LON:RIO), Anglo American (LON:AAL) and BHP Group (LON:BHPB) all had their price targets cut as Barclays downgraded the European mining sector to neutral on China’s rapid steel production cuts. However, Glencore (LON:GLEN) was maintained at overweight with Barclays analysts saying they had an attractive valuation.
No comments:
Post a Comment