DS Smith soars (Il Sole 24 Ore Radiocor) - London, 27 Jun - UK shares closed lower, extending recent losses, as markets await tomorrow's release of the US May personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, for more clues over the start of the US central bank's rate-cutting cycle.

Today, data showed an upward revision to first quarter US GDP growth and that weekly jobless claims meanwhile came in slightly softer than expected.

Traders also looked ahead to the first US presidential debate today and the first round of voting in the French election next weekend.

Downbeat news from China weighed on miners.

Anglo American closed 1.48% lower at 2,490.00 pence and Antofagasta lost 0.85% at 2,093.00 pence Among individual stocks, GSK dropped 4.60% at 1,526.00 pence after the US CDC did not recommend the use of vaccines for adults under 60 for the upcoming virus season.

DS Smith jumped 15.69% at 426.20 pence after Brazil's Suzano ended its attempt to acquire International Paper, which in turn is ready to buy the UK firm.

The London FTSE 100 closed down 0.55%% at 8,179.68 points.

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(RADIOCOR) 27-06-24 18:43:26 (0641) 5 NNNN