UK’s FTSE suffers first drop in nine sessions

FXStreet (Mumbai) – Following the best weekly performance in nearly four years, the London’s benchmark equity index FTSE edged lower on Monday, while mining stock put on a mixed performance.

At the time of writing, the FTSE index was down 0.5% to trade around 6384.50 levels. Shares in mining giant Glencore retreated 1% after the wires reported the company began selling two of its copper mines. Shares in Royal Dutch Shell and Randgold Resources gained 1% each.

Meanwhile, the losing side includes Rolls-Royce Holding lost 4.1%, followed by a 2.285 loss in Standard Chartered.

In related markets, the yield on the 10-yr UK gilt note trades moderately lower around 1.858%. Sterling gained 0.18% against the USD and 0.235 against the EUR.

Following the best weekly performance in nearly four years, the London’s benchmark equity index FTSE edged lower on Monday, while mining stock put on a mixed performance.

(Market News Provided by FXstreet)