London’s flagship exchange was trading flat, up 6 points at 7,908.60 during the final day of a subdued week on London’s markets.
A 3.8 per cent fall for Rio Tinto, triggered by JP Morgan slashing its target price for the stock, led the falls for London’s big mining firms. Glencore also tumbled 1.1 per cent after it reported lower copper, zinc and nickel production for the first quarter.
Analyst at Hargreaves Lansdown, Sophie Lund-Yates, said the FTSE 100 would likely end the week on a subdued note.
“The lack of lift-off in any meaningful way is likely to reflect ongoing concerns around economic and business activity following the miss on retail sales,” she said.
“At the same time, the US also saw its main indices slip in yesterday’s trading session, with futures now flat.”