Evening Standard
UK · 4 hrs ago
FTSE 100 ends lower over fear of soft Chinese growth and weak mining stocks
The FTSE 100 ended lower on Wednesday as weak miners kept London’s lead index in check amid soft economic data in China.The FTSE 100 closed down 13.47 points, 0.1%, at 10,515.92. The FTSE 250 ended up 55.56 points, 0.2%, at 23,462.39, while the AIM All-Share rose 0.16 of a point at 765.74.In London, mining stocks were prominent fallers after below forecast economic growth data in China.China’s national bureau of statistics said gross domestic product expanded 4.3% year-on-year in the second quarter, slowing from 5.0% growth in the first quarter, and missing the FXStreet-cited consensus forecast of 4.5%.Quarter-on-quarter, GDP increased 0.9%, which Jim Reid at Deutsche Bank pointed out marked the slowest pace of expansion in more than two years.Dan Coatsworth, head of markets at AJ Bell, sa
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