FTSE 100 set to snap six-day losing streak as miners gain

London's FTSE 100 was on course to end a six-day losing run on Monday, according to Business Recorder, as gains in mining shares lifted the blue-chip index. By 1022 GMT it had risen 0.1 per cent to 10,757.91 points, while the mid-cap FTSE 250 slipped 0.2 per cent. Fresnillo, Antofagasta, Glencore and Anglo American led the miners higher, helped by firmer gold and a strong start to the week for copper.

Broader caution persisted ahead of UK inflation figures due this week, with Unilever, Tesco and BP among the heaviest drags on the index. Globally, weak US retail sales data led markets to scale back bets on an early Federal Reserve rate hike, pushing the dollar towards two-month lows. Separately, Fitch kept Britain's sovereign rating at AA- with a stable outlook, while Time Finance jumped 9.5 per cent after Bentley Park Ltd agreed to buy the SME lender for about £55.1 million.