Energy, miners weigh (Il Sole 24 Ore Radiocor) - London, 04 Sep - Shares in London closed lower after a sharp selloff on Wall Street yesterday after a downbeat manufacturing activity report rekindled concerns over a slowdown in the world's largest economy.

Investors are now awaiting Friday's August jobs report for more clues on how the Federal Reserve might plan its much-expected monetary pivot.

Several Federal Reserve policymakers have pointed to the labour market as a cause for concern, signalling a cut in interest rates might be appropriate to support payrolls.

Investors are currently betting on a 25, or even 50, basis point cut at the central bank's next monetary policy meeting in September.

Miners and energy shares continued to weigh.

Anglo American dropped 0.52% at 2,097.50 pence and Glencore closed 1.03% lower at 380.80 pence.

BP and Shell lost 0.60% at 413.85 pence and 1.13% at 2,582.50 pence, respectively.

The London FTSE 100 closed down 0.35% at 8,269.60 points.

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(RADIOCOR) 04-09-24 18:28:03 (0517) 5 NNNN