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FTSE 100 flat, FTSE 250 down 0.1%

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Hochschild drops after cutting Brazil gold output forecast

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JD Sports Fashion up on signs of improving US sales

Aug 27 (Reuters) - London stocks were flat on Wednesday,

stabilising a day after flaring concerns around the U.S. Federal

Reserve's independence hit risk assets worldwide.

The blue-chip FTSE 100 held steady at 9269.3 points

by 1009 GMT, coming off a 0.6% fall on Tuesday after U.S.

President Donald Trump said he was firing Federal Reserve

Governor Lisa Cook.

Cook's lawyer responded that the Fed governor will file a

lawsuit to prevent Trump from firing her.

Tuesday's fall snapped a five-day winning streak for the

index.

UK's blue-chip index hit a record high last week, when

global markets got a lift after Fed Chair Jerome Powell

signalled a possible interest rate cut at the Fed's September

meeting.

Personal goods led gains among the major FTSE

sub-sectors on Wednesday with a 1.3% increase, followed by a

1.1% gain in utilities.

Heavyweight banks were down 1%, falling for

the second straight day, while top pharmaceutical companies

rose 0.7%.

The FTSE 250 midcap index, which sits more than 11%

away from its all-time high in September 2021, inched 0.1% down.

Hochschild Mining slumped 15.9% to the bottom of

the midcap index after the miner slashed full-year production

forecast for its Mara Rosa mine by more than half.

Among other moving stocks, JD Sports Fashion gained

2.1% after the sportswear retailer showed signs of stabilisation

in its key U.S. market after a sharp decline in the previous

quarter.

Insurer Prudential unveiled a $1.1 billion share

buyback plan and signalled higher dividends over the next two

years after posting a 12% rise in first-half new business

profit. Its shares, however, were down 0.9%, shedding initial

gains.

Global investor focus would be on U.S. tech giant Nvidia's ( NVDA )

quarterly earnings due later in the day.