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London Markets: FTSE 100 retreats as Trump-Juncker meeting may ‘dampen sentiment’

U.K. stocks pulled back Wednesday, giving back the prior day’s gain as investors took a cautious stance before a key trade-related meeting between U.S. President Donald Trump and European Union President Jean-Claude Juncker.

A disappointing update from miner Fresnillo PLC also weighed on Britain’s blue-chip benchmark.

How markets are moving

The FTSE 100 UKX, -0.78% retreated by 0.6% to 7,661.42, erasing most of Tuesday’s 0.7% rise, which came as a promise of new stimulus by China spurred gains for mining stocks. The British equity gauge is up 0.3% in July, but down 0.4% for the year.

The pound GBPUSD, +0.1141% traded at $1.3162, up modestly from $1.3144 late Tuesday in New York.

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