Miners push FTSE moderately lower

FXStreet (Mumbai) – The London’s Ftse index fell 0.20% on Thursday to trade around 6380.00 on the back of losses in the Miners and risk aversion due to Greek impasse.

The Ftse Mining index dropped 0.80%, erasing the modest gains seen in the previous session. Moreover, the gains in the mining stocks had ensured moderate gains in the index on Tuesday. However, failure of Greek talks renewed fears of Grexit, thereby pushing stocks across Asia lower today. Consequently, the European indices have turned moderately lower as well.

Mining names like Anglo American, Antofagasta, and BHP Billiton are down 0.40% to 0.80% respectively.

Among the index stocks, United utilities is the biggest loser; down 3.8%. On the other hand, Sage group shares advanced 1.11%.

The London’s Ftse index fell 0.20% on Thursday to trade around 6380.00 on the back of losses in the Miners and risk aversion due to Greek impasse.

(Market News Provided by FXstreet)