The FTSE 100 has ended the session down 10.2 points, or 0.16%, to 6,555.5, as the mining sector fell on broker downgrades and declining copper and aluminium prices.
Rio Tinto was the biggest loser with a fall of 3.48% to £35.25, as brokers cut its rating on the stock over concerns about the likelihood of a possible offer from BHP Billiton, while Lonmin dropped 3.44% to £37.90.
Antofagasta slipped 2.94% to 536.5p on lower metal prices, closely followed by Vedanta Resources which dropped 2.29% to £13.67, while Kazakhmys fell 2.18% to £11.64, although losses were limited by Home Retail which climbed 1.8% to 494p.
However, Centrica posted the biggest gains with a rise of 2.14% to 393.25p, closely followed by Hanson which added 1.98% to £10.57, while Pearson climbed 1.97% to 908p, and Scottish & Southern Energy advanced 1.92% to £15.41.
In the US, the Dow Jones Industrial Average is up 31.21 points, or 0.23%, to 13,357.43 in early trading, despite a fall in technology stocks.
General Motors is posting the biggest gains with a rise of 4.48% to $30.78, closely followed by Home Depot which is up 1.42% to $39.41, while heavy equipment maker Caterpillar has climbed 1.36% to $75.90.
Alcoa is also up 1.21% to $38.49, while Honeywell International has added 1.18% to $58.47, although gains are being limited by JP Morgan Chase which has slipped 0.58% to $51.85.
However, 3M Company is the biggest loser with a drop of 0.92% to $84.76, closely followed by IBM which is down 0.73% to $105.21, while Hewlett-Packard has declined 0.42% to $45.05, and Du Pont has dropped 0.48% to $50.18.
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
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