The FTSE 100 has ended the day down 53.3 points, or 0.81%, to 6,550.4, as miners declined on falling metal prices.
Vedanta Resources dropped 2.94% to £13.86, closely followed by BHP Billiton which slipped 2.71% to £11.85, while Rolls-Royce Group declined 3.52% to end the session at 493.5p.
However, Hanson was the biggest loser with a fall of 3.78% to £10.30, while property company Hammerson slipped 2.71% to £15.81, although losses were limited by Morrison Supermarkets which climbed 1.82% to 335.25p.
Tate & Lyle posted the biggest gains with a rise of 3.34% to 664.5p, closely followed by Home Retail which added 3.21% to 483p, while Unilever gained 1.97% to £16.58, and Reuters advanced 2.31% to 630p, after confirming it is in talks with Thomson.
In the US, the Dow Jones Industrial Average is down 60.38 points, or 0.45%, to 13,252.59, ahead of tomorrow’s interest rate decision by the Federal Reserve.
General Motors is the biggest loser with a fall of 1.73% to $29.60, closely followed by United Technologies which is down 1.26% to $68.18, while AT&T has slipped 1.19% to $39.13.
Coca-Cola is down 1.14% to $53, while Verizon Communications has declined 1% to $40.42, although losses are being limited by Honeywell International which is up 0.31% to $55.50.
Hewlett-Packard is posting the biggest gains with a rise of 1.92% to $44.64, closely followed by Caterpillar which has gained 0.5% to $73.03, while Disney is up 0.28% to $36.16, and Intel has advanced 0.27% to $22.03.
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Nyree Stewart on 020 7034 2681 or email [email protected]IFAonline
Joined as head of strategy, multi asset, in June
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