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FTSE 100 Slides as Copper Prices Drag Down Mining Sector

London’s blue-chip index retreated 0.2% to finish the week at 10,750.11 points, snapping a multi-week winning streak that began in early July. The decline was largely dictated by a cooling commodities market, where a sharp drop in copper prices triggered a sell-off among heavy-weight mining stocks.

FTSE 100 Slides as Copper Prices Drag Down Mining Sector

While the mining sector struggled, the broader market showed signs of rotation. Software and data firms bucked the downward trend, buoyed by news of a significant sector acquisition that sparked investor interest. This divergence kept the midcap FTSE 250 relatively stable, allowing it to eke out a modest 0.1% gain to close at 24,867.42 points. The contrast highlights a week defined by sectoral volatility rather than a uniform market shift.

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