FTSE 100 down 0.2, FTSE 250 down 0.1
Resources shares lead declines
Britvic surges after agreeing to Carlsberg39;s sweetened bid
July 8 Reuters London stocks slipped on Monday, weighed down by resources shares tracking a downtick in commodity prices, while investors awaited more clues on the monetary policy paths of major central banks.
The bluechip FTSE 100 was down 0.2 while the midcap FTSE 250 was off 0.1 at 0717 GMT.
The midcap index had hit a more than twoyear high in the previous session on optimism that the Labour Party39;s win will boost the economy.
Precious and industrial metal miners fell 0.8 and 1.1, respectively, tracking lower prices of gold and copper on profitbooking and lacklustre physical consumption in China respectively.
Energy shares fell 0.8 on a dip in oil prices as the prospect of a Gaza ceasefire deal eased geopolitical tensions, while investors assessed potential disruption to U.S. energy supplies from Tropical Storm Beryl.
On the radar this week are crucial consumer prices index figures in the U.S. and gross domestic product numbers GDP at home, which could shed some more light on the future trajectories of interest rate cuts in the economies.
U.S. data on Friday showed a marginal slowing in June job growth and a rise in the unemployment rate, fuelling September rate cut hopes from the Federal Reserve.
With the UK election now behind, investor focus will return to data to gauge the Bank of England39;s decision at its next meeting in…