FTSE 100 Near One-Month Low Ahead of US Inflation Data; Anglo American Declines

Britain's FTSE 100 opened near a recent low on Thursday, echoing declines in Asian markets amid anticipation of key U.S. inflation data due Friday. The index .FTSE edged down 0.2% by 7:12 GMT, marking its seventh consecutive session of losses, while the FTSE 250 .FTMC managed a slight 0.1% gain.

Investors are cautious ahead of Friday's release of the U.S. Federal Reserve's preferred inflation gauge, the personal consumption expenditures (PCE) price index, which could influence future monetary policy decisions. Bank of England Governor Andrew Bailey's upcoming speech is also anticipated for insights ahead of the central bank's upcoming policy meeting.

Anglo American AAL.L declined 2.3% following BHP Group BHP.AX's withdrawal from its $49 billion takeover bid, with BHP's London-listed shares BHPB.L slipping 1.4%.

Severn Trent SVT.L dropped 2.7% as it traded ex-dividend.

Auto Trader Group AUTOA.L surged 8.5%, leading gains on the FTSE 100, after exceeding full-year profit expectations.

Dr Martens DOCS.L topped the mid-cap index with a 5.0% rise, driven by its new CFO's cost-saving strategy announcement.

Paraphrasing text from "Reuters" all rights reserved by the original author.