FTSE 100 falls to two-week low as Antofagasta cuts outlook
SPY•Other movers in the market
A tame U.S. inflation reading on Wednesday dented expectations of an interest rate hike from the Federal Reserve next month. Yet, a lack of progress to permanently end the Middle East conflict kept oil prices supported and raised concerns about energy-driven inflationary pressures. O/R
Among mid-cap stocks, Costain COSG.L gained 4.6% after the infrastructure solutions firm issued upbeat half-yearly results.
British property firm Savills SVS.L surged 8.7% as it posted a 47% rise in half-year underlying profit, strengthened by an improvement in its North American and transactional businesses.
Mining stocks weigh on the index
Antofagasta shares fell 5% after the company cut its 2026 copper output due to a shutdown at its Los Pelambres mine in July. Shares of other miners Rio Tinto and Anglo American dropped 4.5% and 3.2%, respectively.
