The FTSE is down -0.1%

<p>The FTSE is down -0.1%, the French CAC is down -0.6% and the German DAX is down 0.1% from a four-month high Miners are putting […]</p>

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  • The FTSE is down -0.1%, the French CAC is down -0.6% and the German DAX is down 0.1% from a four-month high
  • Miners are putting pressure on the FTSE as Chinese export data grew only 1% year-on-year in July; analysts had been expected a growth of 8.6%. As a result, Kazakhmys, Vedanta Resources and Rio Tinto are all trading lower
  • Barclays has appointed a new chairman – Sir David Walker – the selection has pleased investors and the bank is trading up +1.7% today
  • Standard Chartered is off 1% as Fitch says it may review the bank’s AA credit rating
  • German inflation data came in as expected and there is little economic data of significance due out this afternoon

See the City Index Economic Calendar and Companies Reporting Dates page for latest economic news and company events that are likely to impact the markets today.

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