Britain’s resource-heavy stock indexes fell on Wednesday as negative Chinese trade data drove miners lower and terrible domestic house prices data drove homebuilders lower.
As of 0717 GMT, the resource-heavy FTSE 100 (.FTSE) fell 0.2%, while the domestic-focused FTSE 250 (.FTMC) midcap index was down 0.1%.
Mortgage lender Halifax said that British house prices fell annually in May for the first time in 11 years, sending homebuilders’ stocks (.FTNMX402020) down 1.1%.
Miners (.FTNMX551020) lost 0.7% as copper prices fell after China’s exports and imports decreased quicker than predicted in May.
Energy stocks (.FTNMX601010) fell 0.4% with crude oil prices.
Croda International Plc (CRDA.L) fell 2.1% after Goldman Sachs downgraded its stock to “neutral” from “buy.” Chemicals fell 1.4%.
