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London Market Reports
Footsie falls back on mixed day for miners
Market Movers
techMARK 1,951.40 +0.17%
FTSE 100 6,082.99 -0.07%
FTSE 250 11,828.29 0.00%
Miners were in focus heading into the weekend, with precious metals groups going well, but the rest of the sector hurt by further attempts by the Chinese authorities to cool down the Chinese economy. The FTSE 100 was slightly lower at the close.
China has raised bank reserve requirements by half a percentage point, to a record level of 19.50%. It’s the fifth hike in the requirement since October and is designed to stop the banks having too much cash sloshing around to lend to customers.
Gold miner African Barrick defies the trend, as it features on Citigroup’s list of likely takeover candidates, but sector peers...
Posted in: Evening Euro Markets
