Falling commodity prices pulled Britain's FTSE down 0.6 percent, as China's economy slows. Hayley Platt reports.
The FTSE fell further on Monday, pulled down by weaker mining stocks. Britain's top share index slipped 0.6 percent - still up on the start of the year but 6 percent below its record high in April. Miners account for around a tenth of the UK's blue-chip stocks in terms of market capitalisation. And on Monday they dominated the list of worst performers. Anglo American were down 2.6 percent. BHP Billiton - 2.4 percent. It came on the heels of data from China pointing to weaker overall trade. Vicky Pryce of CEBR. SOUNDBITE: Vicky Pryce, Chief Economic Advisor, CEBR, saying (English): "During the period of growth in China they were asking for quite a lot of commodities which were crucial for them in terms of growth and in a way it kept oil prices and other prices high. The slowdown we're seeing right now of course has the opposite impact." London copper also took a bashing - trading at a six-year low. Crude oil futures also fell, touching fresh multi-month lows. And although China's economy is still set to grow, it won't be anywhere near as fast as it has been.