FTSE 100 down 0.5, FTSE 250 off 0.2
Personal goods stocks lead broader declines
Rio Tinto falls after Q2 iron ore shipments miss estimates
Ocado soars after smaller H1 loss, lifted forecast

July 16 Reuters London39;s FTSE 100 hit a oneweek low on Tuesday amid broad market weakness, as investors exercised caution ahead of domestic inflation data and looked to earnings reports.

The bluechip FSE 100 index was down 0.5, while the midcap FTSE 250 was off 0.2 by 0715 GMT. Both indexes were on track to snap three sessions of gains.

The personal goods sector was the biggest laggard with a 2.3 decline, after hitting an over 14year low in the previous session. Burberry was the biggest loser with a 3.3 fall, extending its 16 decline from Monday.

Mining giant Rio Tinto39;s Londonlisted shares fell 2 after it reported secondquarter iron ore shipments below analyst estimates.

It weighed on the industrial metal miners, which shed 1.3. Other copper miners also tracked an fall in prices of the metal.

Domestic consumer prices and producer prices data will be in focus this week, as the Bank of England39;s next monetary policy decision inches closer.

Markets are pricing in about 50 chances of a rate cut in August. Although data showed inflation falling to the BoE39;s target 2, markets are jittery due to hawkish comments from some policymakers and global political uncertainty.

Meanwhile, bets for a U.S. rate cut in September further solidified after Federal Reserve Chair Jerome…