FTSE 100 drops on weakness of commodity producers

Source: Dukascopy Bank SA

UK stocks fell on the Fed decision not to implement additional easing measures at the moment.  Commodity-heavy UK index lost 1.31 % to trade at 5,590.30 at the time of writing. Mining companies led the decline, with Rio Tinto dropping after the company announced that its CEO, Guy Elliot, will retire next year. Other commodity producers also slumped.  BHP Billiton and Xtrata sank 1.63% and 1.50%. Energy stocks were mixed after crude oil price tumbled on global demand concerns. Anglo American fell 2.14%  while BP added 0.05%. Meanwhile, Burberry extended previous losses, declining by 1.01%. Financials also retreated. HSBC Holdings and Royal Bank of Scotland dropped 1.65% and 0.72%.

 

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.