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UK’s FTSE suffers first drop in nine sessions

FXStreet (Mumbai) - Following the best weekly performance in nearly four years, the London’s benchmark equity index FTSE edged lower on Monday, while mining stock put on a mixed performance.

At the time of writing, the FTSE index was down 0.5% to trade around 6384.50 levels. Shares in mining giant Glencore retreated 1% after the wires reported the company began selling two of its copper mines. Shares in Royal Dutch Shell and Randgold Resources gained 1% each.

Meanwhile, the losing side includes Rolls-Royce Holding lost 4.1%, followed by a 2.285 loss in Standard Chartered.

In related markets, the yield on the 10-yr UK gilt note trades moderately lower around 1.858%. Sterling gained 0.18% against the USD and 0.235 against the EUR.

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