Real estate stocks under pressure
Plus500 gains after upbeat results
FTSE 100 down 0.2, FTSE 250 off 0.7

July 12 Reuters UK39;s top share index dipped on Tuesday, as miners came under pressure for a third day after metal prices slumped on strict COVID19 lockdowns in top consumer China, while bearish brokerage actions weighed on real estate stocks.

The industrial metals and mining index dropped 1.5 as copper prices slid on the back of a strong U.S. dollar, China39;s lockdowns and higher benchmark interest rates globally.

The bluechip FTSE 100 was down 0.2 and the domestically oriented FTSE 250 index dropped 0.7.

The FTSE 100 dipped at the open after weak trading in the U.S. and Asia as investors continue to weigh the risks associated with war in Ukraine, stubborn inflationary pressures and Chinese lockdowns, Danni Hewson, financial analyst AJ Bell said in a note.

This cocktail of worries is preventing the markets from making any tangible progress.

An industry survey showed British shoppers cut back on spending for the third month in a row and sales volumes fell by the most since they were hit hard by the pandemic as surging inflation squeezed the economy.

Meanwhile, Britain39;s new prime minister will be announced on Sept. 5, with the first votes to begin eliminating candidates in a crowded and increasingly unpredictable and divisive contest to replace Boris Johnson this week.

Real estate firms Hammerson, British Land and Land Securities fell between 3.7 and 4…