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Miners tug FTSE 100 lower ahead of U.S. payrolls data; Menzies sinks

Published 07/05/2019, 03:17 PM
Updated 07/05/2019, 03:20 PM
Miners tug FTSE 100 lower ahead of U.S. payrolls data; Menzies sinks
UK100
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FTMC
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FTNMX301010
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MNZS
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 down 0.2%, FTSE 250 about flat
* All eyes on U.S. non-farm payrolls
* John Menzies slumps after profit warning

July 5 (Reuters) - Britain's main index inched lower on
Friday as shares of heavyweight miners fell, while the broader
market remained subdued ahead of key U.S. jobs report and
small-cap John Menzies tanked after a profit warning.
The FTSE 100 .FTSE shed 0.2%, and the FTSE 250 .FTMC was
roughly flat by 0709 GMT.
An index of miners .FTNMX8350 slipped for the third
straight day as China's iron ore futures dropped sharply after
surging to record highs early this week, while copper prices
eased due to higher London Metal Exchange inventories.
Investors stayed cautious in anticipation of U.S. non-farm
payrolls data, which would provide clear indications on whether
or not the Federal Reserve would cut interest rates.
Aviation servicing company John Menzies MNZS.L plummeted
17% to a more than 3-year low after it warned of lower annual
profit, mainly due to weak cargo volumes and flight schedule
reductions.

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