* FTSE 100 index dips 0.3 percent
* Mining shares fall on growth concerns
* Focus shifting to second-quarter earnings
By Atul Prakash
LONDON, June 24 Britain's top share index fell
on Tuesday on signs of economic weakness in the region and
tensions in Iraq, with investors shifting focus to the upcoming
The blue-chip FTSE 100 index was down 0.3 percent at
6,782.62 points by 1030 GMT. The index has been trading in a
tight 60-point range for almost a week against a range of about
150 points earlier this month.
The UK mining index, down 0.6 percent, was the
biggest sectoral decliner on concerns about economic growth in
the region. Germany's Ifo index of business sentiment fell more
than expected in June to its lowest this year.
The tense situation in Iraq also made investors cautious.
U.S. Secretary of State John Kerry held crisis talks with
leaders of Iraq's autonomous Kurdish region, urging them to
stand with Baghdad in the face of a Sunni insurgent onslaught
that threatens to split the country.
"A lot of clients are mentioning that the situation in Iraq
is prompting them to be cautious. Uncertainty over there is
dictating investors' emotions," Tom Robertson, senior trader at
Accendo Markets, said.
Comments by Bank of England officials also made investors
reluctant to place strong bets on the market.
BoE Governor Mark Carney told British lawmakers that markets
had not adjusted enough to strong British economic data,
explaining why earlier this month he signaled interest rates
could rise sooner than the markets expected.
BoE Deputy Governor Charlie Bean said Britain was gradually
moving towards the point of tighter monetary policy, but the
timing would depend on how the economy progresses from here.
"The central bank is trying to manage expectations and
remind investors and consumers that interest rates can't stay at
these low levels for longer," Keith Bowman, equity analyst at
Hargreaves Lansdown, said.
"The market is lacking catalysts to make a decisive move up
or down. However, the second-quarter results season could
provide some direction to the market, with investors' focus seen
shifting to company revenues and forward guidance."
(Additional reporting by Alistair Smout in Edinburgh; Editing
by Susan Fenton)