Miners, banks pull FTSE 100 down as inflation concerns weigh

Investing.com | Oct 12, 2021 at 4:01 AM
  • London’s FTSE 100 index fell on Tuesday, led by declines in heavyweight mining and banking stocks, as sentiment was weighed by higher energy costs, supply chain disruptions and an imminent rate hike that could affect quarterly corporate performance.
  • The blue-chip FTSE 100 index declined 1% at 0710 GMT, with miners Rio Tinto (NYSE:RIO), Anglo American (LON:AAL) and BHP Group (NYSE:BHP) falling between 1.2% and 2.3%.
  • The domestically focussed mid-cap index declined 0.8%.