The London Inventory Trade Group places of work are seen within the Metropolis of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Picture

Sept 1 (Reuters) – UK’s FTSE 100 index fell on Thursday as mining shares dragged the commodity-heavy index decrease over worries rate of interest hikes by central banks would dent demand, whereas slowing manufacturing facility information from Asia additional clouded international financial outlook.

The FTSE 100 slid 0.6% at 0704 GMT, monitoring its European and Asian friends.

Mining companies (.FTNMX551020) declined 2.1% as steel costs dropped on demand worries after contemporary information from main international economies signalled tepid progress.

The domestically oriented FTSE 250 was down 0.7%, with industrial shares main losses.

Households expectations for common inflation over the following 5 to 10 years hit a report excessive, a month-to-month survey from YouGov and U.S. financial institution Citi confirmed, including to a report final week by Goldman Sachs warning of a recession later within the 12 months. learn extra

Reckitt Benckiser (RKT.L) fell 3.9% after the corporate stated its Chief Government Officer Laxman Narasimhan will step down on the finish of September. learn extra

Barclays (BARC.L) declined 0.6% after the financial institution determined to promote its 7.4% stake in South African financial institution Absa, thus finishing its exit from an over nine-decade presence on the continent. learn extra

Reporting by Johann M Cherian in Bengaluru; Modifying by Krishna Chandra Eluri

Our Requirements: The Thomson Reuters Belief Ideas.