FTSE 100 down 0.3, FTSE 250 up 0.1
Copper miners hit over threemonth low
Compass Group raises profit and revenue forecasts; shares gain
July 23 Reuters London39;s FTSE 100 inched down on Tuesday as copper miners weighed heavily on the market, tracking lower copper prices, while positive updates from companies helped contain declines.
The bluechip FTSE 100 index was down 0.3, after logging its best session in more than a week on Monday. The midcap FTSE 250 was up 0.1 as of 0719 GMT.
Industrial metal miners led declines with a 1.7 loss. Heavyweights like Rio Tinto and Glencore slipped over 1 each as copper prices were pressured by growing concerns over prolonged weakness in Chinese demand after the country39;s latest policy announcements disappointed investors.
The sector hit its lowest level since early April.
Automobile and parts stocks also fell 1.6, with Dowlais Group, TI Fluid Systems and Aston Martin falling over 1 each, after German automaker Porsche AG cut its sales and profitability outlook.
Energy and precious metal miners also slipped 0.5 and 0.6, respectively.
Investor focus is on Wall Street giants like Alphabet and Tesla that will report quarterly earnings after the closing bell on Tuesday.
U.S. gross domestic product numbers and inflation data, due later this week, could shed more light on the Federal Reserve39;s monetary policy path.
Politics continued to make headlines in the U.S. after Vice President Kamala Harris secured support from delegates…