UK's FTSE 100 falls as miners weigh; Rolls-Royce jumps

Industrial metal miners dropped 0.9% early on, while personal goods led declines among the major FTSE 350 sectors, with Burberry Group falling 1.9% after HSBC reduced the stock's price target. Investors will look ahead to UK mortgage data, inflation prints across the eurozone, and a Personal Consumption Expenditures (PCE) report in the United States - the Federal Reserve's preferred inflation gauge - later this week.

UK's FTSE 100 slumped in broad-based losses on Tuesday, with industrial metal miners among the top losers, while investors awaited a slew of global economic data due later in the week.

By 0812 GMT, the exporter-heavy FTSE 100 was down 0.4%, while the more domestically-oriented FTSE 250 midcap index lost 0.2%. Industrial metal miners dropped 0.9% early on, while personal goods led declines among the major FTSE 350 sectors, with Burberry Group falling 1.9% after HSBC reduced the stock's price target.

Investors will look ahead to UK mortgage data, inflation prints across the eurozone, and a Personal Consumption Expenditures (PCE) report in the United States - the Federal Reserve's preferred inflation gauge - later this week. Among individual stocks, Rolls-Royce vowed to become a much more profitable business by targeting a leap in its civil aerospace margin to 15%-17% from 2.5% last year. Shares of the aero-engineer jumped 4%.