UK's FTSE 100 subdued on Monday due to iron ore price declines affecting base metal miners.

The UK's FTSE 100 was subdued on Monday, dragged down by losses in base metal miners due to declines in iron ore prices. The index was down 0.1%, while sectors such as pharmaceuticals, medical equipment, and consumer staples gained between 0.4% and 1%, limiting losses. Market focus this week is on U.S. consumer prices and domestic labor market data, expected to guide interest rate expectations from central banks.

March 11, 2024
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