FTSE 100 prolongs losses as commodities fall

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Source: Dukascopy Bank
FTSE 100 index extended losses on Wednesday driven by miners as commodity prices tumbled. Fresnillo PLC slipped 5.2%, Evraz PLC lost 4.1% and Xstrata PLC edged down 2.4%. Insurer Resolution Ltd. dropped 1% after UBS downgraded the share from buy to neutral. Next Plc tumbled 3% on news its CEO Simon Wolfson sold 125,000 stocks in the firm. Financials also weighed on the index with Royal Bank of Scotland Plc falling 3% and Barclays PLC dropping 4.4%. At the moment of writing FTSE 100 trades 1.5% or 87.33 points lower at 5,751.01.

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