FTSE 100 Dips Amid Lower Copper Prices, Industrial Metal Miners Lead Declines

London's FTSE 100 index dipped 0.3% due to lower copper prices and weak Chinese demand, with industrial metal miners and automakers leading the declines. Positive updates from companies like SThree Plc and Compass helped mitigate some of the losses. Investor focus shifts to major U.S. earnings reports and economic data due later this week.

London's FTSE 100 index saw a 0.3% decline on Tuesday, largely influenced by lower copper prices and ongoing concerns about weak demand from China. Industrial metal miners took a significant hit, with companies like Rio Tinto and Glencore losing over 1% each.

The mid-cap FTSE 250 managed a 0.1% gain, but the session was marred by a 1.6% fall in automobile and parts stocks, influenced by Porsche's lowered sales and profit outlook. Energy and precious metal miners also recorded modest losses of 0.5% and 0.6% respectively.

Despite the general downturn, positive updates from SThree Plc, Compass, and Beazley provided some relief. Investor eyes are now on upcoming U.S. GDP numbers and major earnings reports from Alphabet and Tesla, along with recent political developments in the U.S.

(With inputs from agencies.)