British stocks fall for seventh day

British stocks declined for the seventh consecutive session, affected by a fall in mining company shares amid decreasing gold and copper prices, along with signs of a slowdown in the UK labor market. The FTSE 100 index dropped by 0.1% to 10,711.29 points, while the FTSE 250 decreased by 0.4%, with mining stocks declining by around 2%. Meanwhile, oil and gas shares rose by 1.3% and 1.8%, respectively. Official data showed that the UK labor market continued to slow in the second quarter, with wage growth easing and vacancies falling to their lowest level in over five years, which may lead the Bank of England to maintain current interest rates. Additionally, food inflation declined to its lowest level since October 2024, offering some relief to British households.

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