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FTSE 100 trades higher after breaking string of wins

On Wednesday, British shares managed to grasp a tiny revenue, just a day after the blue-chips benchmark snapped its longest win streak for 10 months, with market participants looking ahead to post-Brexit economic data.  

The FTSE 100 grew 0.1%,being worth 6,901.46, with losses for the financial, consumer services as well as consumer goods sectors limiting profits.

On Tuesday, the index dipped 0.7%, with just the mining sector ending higher. The given loss turned to be the first after eight straight leaps, the longest run of profits since October 2015.

On Wednesday, BHP Billiton PLC stocks gained 1%, while Antofagasta PLC surged 0.9%. Those moves contributed to Tuesday’s rallies, made after well-received financial updates from the miners.

Admiral Group PLC was dragged to the bottom of the index. The insurer told that its first-half pretax revenue surged 4.3%, and it raised its dividend by approximately 23%.

 

 

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