London's FTSE 100 slips as miners drag
EWU•The FTSE 100 fell 0.2% to 10,751.59 points as falling gold prices weighed on miners; the FTSE 250 rose 0.1%. Marks & Spencer gained 4% after forecasting medium-term profit growth ahead of sales.
1. Miners weigh on benchmark
The FTSE 100 edged lower on Tuesday, with precious metal miners falling 4.7% as gold prices declined 2.8%. Energy stocks fell 1.6% after Brent crude slipped below $90 a barrel.
2. Stocks and rates
Marks & Spencer rose 4% after forecasting profit growth ahead of sales over the medium term. Investors assessed Bank of England Deputy Governor Clare Lombardelli's comments that she would not rule out a December rate hike; money markets priced in roughly a 50% chance of a 25-basis-point increase.
3. Retail and individual movers
A British Retail Consortium survey showed UK retail spending rose modestly in October. Vodafone fell 1% despite raising its full-year profit and cash flow guidance.
