London stocks flat ahead of key data releases; miners weigh
EWU•The FTSE 100 closed 0.06% lower at 10,650.33, while the FTSE 250 rose 0.05%. Losses in industrial and precious metal miners offset gains in energy as investors awaited UK GDP and US inflation data.
1. Indexes little changed
London’s FTSE 100 closed 0.06% lower at 10,650.33 after giving up early gains, while the FTSE 250 edged 0.05% higher. Precious metal miners fell 1.4% and industrial metal miners dropped 1.7%; Antofagasta slid 5.6%, the biggest FTSE 100 decline.
2. Company moves and data
BP rose 3.7% after estimating that third-quarter refining margins tripled from a year earlier. London Stock Exchange Group fell 4.7% after confirming talks with Permira to buy Octus for about $3.5 billion. Investors also awaited UK August GDP data and US inflation data.
