Britain’s stocks fall as miners decline; Glencore drops 2.6%

By Yomna Yasser On Mar 21, 2016

U.K. stocks edged down for a second day, led by declines in commodity producers.

Anglo American Plc and Glencore Plc fell more than 2.5 percent, dragging the FTSE 100 Index down 0.2 percent at 8:32 a.m. in London. The volume of gauge’s shares changing hands was more than 40 percent below the 30-day average.

The FTSE 100 reached its highest level of the year on March 17. While it’s still down 1.1 percent in 2016, it’s the best performing equity gauge among major ones in Western Europe. The broader FTSE All-Share Index and Ireland’s ISEQ Index also dropped on Monday.

Source: Bloomberg