FTSE 100 set for first weekly drop in five as miners retreat
EWU•Miners drag on the index
Shares of miner Antofagasta ANTO.L dropped almost 5%, down sharply for the second consecutive day after its production outlook disappointed on Thursday and copper prices fell after a recent rally. The FTSE 350 industrial metal and mining index .FTNMX551020 was set for a 4.7% weekly drop, in what could be the weakest weekly performance since mid-March.
FTSE 100 and FTSE 250 trade mixed
London's FTSE 100 was on track for its first weekly setback in five on Friday, as miners retreated alongside a dip in copper prices, though software and data companies rebounded after the report of a large deal in the sector.
The blue-chip FTSE 100 .FTSE dipped 0.1% to 10,765.30 points by 1009 GMT, on track for its first weekly decline since early July. The midcap FTSE 250 .FTMC edged up 0.1% to 24,860.50 points, set to end the week largely flat.
