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FTSE 100 Edges Lower as Miners Fall, Utilities Gain -- Market Talk

Dow Jones Newswires ·  Oct 20, 2021 04:03

0803 GMT - The FTSE 100 edges 0.1% lower to 7208, with losses for miners offsetting gains for utilities. Antofagasta is the biggest faller, down 4% after the Chilean copper miner forecast lower copper production for 2022. Fellow sector players Rio Tinto, BHP and Glencore are also in the red. Among the biggest risers are Centrica, SSE and National Grid. "Driven by basic resources, the FTSE 100 has opened lower, but is still holding onto 7,200, with broader European markets trading to the downside after tepid gains yesterday," Interactive Investor analyst Victoria Scholar says. (philip.waller@wsj.com)

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