United Utilities jumps after MS upgrade
Chinaexposed stocks down on elevated SinoU.S. tensions
Currys at lowest in two decades after profit fall
June SP GlobalCIPS construction PMI 48.9 vs 51.6 in May
Both FTSE 100 and FTSE 250 fall 1.2

July 6 Reuters UK39;s FTSE 100 touched a more than threemonth low on Thursday, as minutes from the U.S. Federal Reserve39;s last meeting rekindled concerns of a tighter monetary policy, while shares of Currys tanked after the retailer reported a fall in profit.

The bluechip FTSE 100 fell 1.2, hitting its lowest level since March 24. The domesticallyfocussed FTSE 250 midcap index, too, lost 1.2.

Currys tumbled 13.3 to its lowest level in more than 20 years after the electricals retailer reported a 38 slump in fullyear profit.

Minutes from the U.S. Federal Reserve39;s June meeting showed almost all officials agreed to hold interest rates steady at the June meeting to buy time and assess whether further rate hikes would be needed.

Chris Beauchamp, chief market analyst at IG Group said that the markets are perceiving the Fed39;s decisions as more of a hawkish pause.

People were saying they39;re pausing but its not a longerterm move, Beauchamp added.

Chinaexposed bank HSBC and Standard Chartered fell 1.3 and 1.9, respectively, while insurer Prudential lost 1.2 on elevated SinoU.S. tensions.

Industrial metal miners fell 1.8 as prices of most base metals came under pressure.

The commodityheavy UK benchmark has been underperforming…