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FTSE Ends Lower As Mining Stocks Slump -

May, 10th 06:39


Britain’s top share index FTSE 100 closed lower on Monday, with mining shares leading the declines as metal prices fell and copper hit a one month low. This was the result of disappointing Chinese trade data, which renewed fears about a slowdown in the world’s second largest economy. From the hourly chart, we can see the index was last trading at 6118.50. The ADX is 26.78, indicating strong selling power. Consequently, the gauge for 100 U.K blue chips is expected to keep falling.

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