FTSE closes below 6000 to lose £73bn over course of the week

Discussion in 'Market News' started by Lily, Dec 11, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Plunging oil prices and mining shares push markets lower again

    Leading shares ended another bad week at their lowest level since 29 September, as oil slumped again, commodity companies fell on continuing concerns about a slowdown in China, and investors remained nervous ahead of a possible US interest rate hike next week.

    On top of that, companies with South African connections were also under pressure after the surprise departure of the country’s finance minister earlier in the week, which helped send the rand sharply lower.

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