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Miners drag London markets lower

London markets were marginally lower as mining giant BHP Group PLC followed rivals in cutting iron ore production guidance.

How did markets perform?

The U.K.’s FTSE 100 UKX, +0.01% fell 0.1% to 7,459.1. It had risen 0.4% Tuesday.

The pound GBPUSD, -0.0690% was down 0.1% to $1.3043, on top of Tuesday’s 0.5% fall.

The euro EURUSD, +0.2304% rose 0.3% to $1.312. On Tuesday, it declined 0.1%.

What’s moving the markets?

China’s economy grew 6.4% year over year in the first quarter, higher than the consensus of 6.3% and broadly positive in key areas such as industrial production and retail sales.

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