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Miners knock blue-chip index after China data

Mar 01, 2018 - City A.M.

UK SHARE indexes fell yesterday, dragged down by mining companies after weak factory data from China, while comments from US Federal Reserve chairman Jerome Powell reignited expectations of more interest rate hikes in the United States.

The FTSE 100 was down 0.7 per cent at 7,231.91 points at its close, tracking further weakness on Wall Street after Powell gave an upbeat view on the US economy and said data had strengthened his confidence on inflation.

Traders boosted bets that the c...