FTSE 100 erases morning gains and declines during Tuesday session

Source: Dukascopy Bank
FTSE 100 index erased morning gains and strived lower on Tuesday as miners and banks weighed down on the index as metal prices tumbled. Compass Group fell 1.8% after Morgan Stanley cut the company's rating from overweight to equal weight. Bunzl dropped 0.9% on news Bank of America Merrill Lynch lowered the stock from neutral to underperform. On the upside Aberdeen Asset Management rallied 3% as Morgan Stanley increased the price target from GBP 2.60 to GBP 3.14. At the moment of writing FTSE 100 trades 0.27% or 16.14 points lower at 5.858.72.

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