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FTSE drops as commodity stocks hit by falling metal and oil prices

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    After a relatively calm open, the European stock markets have turned decisively lower, with the UK’s FTSE 100 dropping some 1.1 per cent at the time of this writing. Shares in energy and in particular mining companies are taking the brunt of the sell-off today, tracking weaker commodity prices. The price of iron ore has hit its lowest level since 2005 while crude oil is trading at levels not seen since the Global Financial Crisis. Crude oil’s selling is a continuation of the renewed pressure

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