23 July: FTSE 100 fell due to copper miners' decline amid concerns over weak Chinese demand.
23 July: FTSE 100 fell due to copper miners' decline, linked to concerns over weakened Chinese demand. Rio Tinto and Glencore dropped 1.7% each, while automobile and parts stocks dropped 1.6%. However, SThree gained 3.5% following its half-yearly results, and Compass increased 3.2% after raising 2024 profit and revenue forecasts. Investors await Q2 earnings from Alphabet and Tesla, and US GDP/inflation data, which may influence the Federal Reserve's monetary policy.
July 23, 2024
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