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Dec 12 (Reuters) – U.K. export-oriented stocks fell on Monday, dragged down by miners, as investors treaded cautiously ahead of key central bank meetings scheduled for the weekend.
The blue-chip FTSE 100 (.FTSE) was down 0.2%, while the mid-cap FTSE 250 (.FTMC) was down 0.3% by 0814 GMT.
The US Federal Reserve and the Bank of England will each raise rates by 50 basis points at the end of the week. ,
Miners (.FTNMX551020) lost 1.5%, tracking copper prices lower, while energy stocks (.FTNMX601010) fell 0.3%, weighed down by losses in heavyweights such as Shell (SHEL.L) and BP (BP.L).
In company news, the London Stock Exchange ( LSEG.L ) rose 3.8% after Microsoft Corp ( MSFT.O ) agreed to buy a roughly 4% stake in the bourse operator as part of a deal to migrate the exchange’s data platform to the cloud.
Metro Bank ( MTRO.L ) fell 0.9% after the Financial Conduct Authority (FCA) fined it $12.2 million for publishing false information to investors. ($1 = 0.8 pounds)
Reporting by Johan M Cherian in Bengaluru
Our Standards: The Thomson Reuters Trust Principles.
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