FTSE 100 up 0.1, FTSE 250 down 0.1
BP falls after flagging hit to Q2 profit
Indivior lowers profit forecast, plans job cuts; shares plummet
U.S. Fed Chair Powell39;s testimony on tap

July 9 Reuters London39;s FTSE 100 was muted on Tuesday, as a decline in shares of energy firm BP was offset by broader gains, while investors waited for Federal Reserve Chair Jerome Powell39;s testimony before the U.S. Congress.

The bluechip FTSE 100 was up 0.1, while the midcap FTSE 250, in the limelight following the Labour Party39;s election win, was down 0.1 at 0725 GMT.

The energy sector weighed with a 0.7 decline, pulled down by a 2.4 loss in BP. The oil giant fell to the bottom of the FTSE 100 after warning about a hit to its secondquarter earnings from lower realised refining margins and weak oil trading.

Precious and industrial metal miners rose 0.7 and 0.8, respectively, in tandem with gold and copper prices.

Investors were cautious ahead of Fed Chair Powell39;s twoday testimony before the Congress, which comes against the backdrop of soft labour market data increasing bets of a September rate cut.

Investors are waiting for big figures due later this week in the US that might give some impetus to the market. Partly it39;s the dearth of earnings, so there39;s nothing to drive the market, Nick Saunders, CEO at trading platform Webull UK said.

U.S. consumer prices index figures and Britain39;s GDP are due later in the week and could influence the future trajectories of…