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FTSE 100 edges up 0.16 pct as miners gain

Xinhua, April 15, 2015 Adjust font size:

FTSE 100 Index, British benchmark stock market gauge, Tuesday increased by 0.16 percent, or 10.96 points, to 7075.26, as the mining stocks supporting the index.

The Britain's consumer prices index (CPI) grew by zero percent in the year to March 2015, the lowest reading since records began, data showed by the Office for National Statistics (ONS).

Experts here reckon that the low inflation environment might withhold British central bank's intention to raise the interest rates within this year.

Weir Group's share price increased by 5.09 percent, topping the gainers of the blue chips.

Prices of miners' shares like Anglo American, BHP Billiton, Antofagasta and Glencore advanced by 4.09 percent, 3.07 percent, 2.91 percent and 2.88 percent respectively.

Shire PLC led the top losers of the blue chips with a share price drop of 2.55 percent, followed by Aberdeen Asset Management (2.51 percent), International Consolidated Airlines Group (2.38 percent), Hargreaves Lansdown (2.18 percent) and Standard Chartered (2.03 percent).

Trading volume in FTSE 100 companies was around 10 percent smaller than the 30-day average. And the index has gained 9.12 percent so far this year in terms of the U.S. dollar. Endit