A top for iron ore? That's what one broker says as it downgrades three mining giants
Miners dragged down the top British stock market index as a broker downgraded three of the giants after calling a top on iron ore.
What’s moving markets The mood in markets was hurt after the U.S. Justice Department announced late Tuesday it was probing the American technology giants that have carried stock markets higher. U.S. stock futures ES00, -0.22% were pointing to a weaker start Wednesday. Battered U.K. broadcaster ITV ITV, +6.87% enjoyed some relief, with the stock jumping nearly 7%. The country’s largest commercial broadcaster reported a 16% drop in first-half pretax profit and announced new cost savings. The stock is still down 34% over the last 12 months.
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