Miners fall on lower metal prices
RollsRoyce shines on Citigroup PT raise
FTSE 100 down 0.2, FTSE 250 down 0.1
Dec 11 Reuters The UK39;s FTSE 100 slipped on Monday, with mining stocks among the top decliners, tracking a fall metal prices, while investors await a slew of central bank meetings and economic data due this week.
The bluechip FTSE 100 was down 0.2 as of 0925 GMT, while the more domesticallyfocussed FTSE 250 midcap index lost 0.1.
Industrial metal miners were amongst the top losers, falling 1 as prices of most base metals declined on a firmer dollar, while iron ore prices lost ground on disappointing China consumer price data.
Lower gold prices also pushed precious metal miners down 2.3.
All eyes are now on major central banks, with the Bank of England BoE, U.S. Federal Reserve, and European Central Bank scheduled to announce their monetary policy decisions during the week.
Every other nation talks about the importance of bringing inflation down, but in the UK we have a cost of living crisis, which we blame on all sorts of external factors, said Frédérique Carrier, head of investment strategy in the British Isles at RBC Wealth Management.
While in our view the BoE is done now, the prospect of rate cuts is a lot more remote in Britain than it might be elsewhere.
All three central banks are expected to hold rates at current levels.
On the data front, UK employment figures, inflation prints across the euro zone, and November consumer price data from…