8/29/2018, 11:31 AM (Source: TeleTrader)
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FTSE trades in the red, mining, energy lead losses

London's FTSE 100 index erased gains from the open to trade in the red on Wednesday as investors digested the report stating the United Kingdom and the European Union might not reach a deal on Brexit this October but rather postpone it until mid-November. The energy and mining sectors were among the main losers.

The FTSE lost 0.32% during the intraday trade at 10:21 am CET. The mining sector was led down by Anglo American loss of 1.35% and Fresnillo's drop of 2.18%. Meanwhile, Royal Dutch Shell declined 1.20%. The euro lost 0.30% against the British pound to go for 0.9058 at 11:28 am CET.

On Tuesday, the mining industry was the best-performing sector, boosted by the US-Mexico trade deal, leading the index to finish with the best gains in two weeks.

Breaking the News / VK