FTSE 100 down 1.2; FTSE 250 down 1.4
Miners fall as copper hits 2motnh low
Q3 avg wk earnings exbonus ease to 4.8
Nov 12 Reuters London39;s benchmark index hit its lowest point in over three months on Tuesday, fuelled by concerns that U.S. presidentelect Donald Trump could appoint a China hawk as a leading diplomat, along with some disappointing corporate updates.
The bluechip FTSE 100 closed down 1.2, its lowest level since Aug. 6.
Industrial metal miners fell 5.2 as copper prices hit a twomonth low, on worries about the impact of Trump39;s policies on the economy of top metals consumer China.
Chinalinked assets came under pressure worldwide on anticipation Trump would appoint U.S. Senator Marco Rubio, considered the most hawkish contender on his shortlist, as secretary of state.
Despite the initial excitement upon the election result last week, investors are starting to realise that Donald Trump39;s ideas could drive up inflation, make life tough for foreign companies selling into the U.S., and raise geopolitical risks, said Russ Mould, investment director at AJ Bell.
It creates the kind of uncertainty which markets hate.
On the domestic front, data showed UK regular wage growth fell in the third quarter to its lowest in over two years, potentially boosting the Bank of England39;s confidence that inflation pressures will continue to ease.
Average weekly earnings, excluding bonuses, were 4.8 higher in the three months to the end of September, down from 4.9…