FSTE 100 Heads To One-Month Low, Weighed by Metal and Oil Producers
U.K. shares looked set to finish the week with every single session closing lower. The FTSE 100 index continued to slump on Friday, led by declines in commodity shares and stocks of oil producers.
The benchmark was heading toward its lowest settlement since mid-September with basic material, tech and energy shares experiencing the worst performances.
Oil producer BP PLC dropped 1.23% and Royal Dutch Shell PLC lost 1.86% on the back of weakening oil prices. Meanwhile, shares of diversified metals producers BHP Billiton PLC BLT and Rio Tinto PLC plunged by 3.88% and 2.66%, respectively.
Sell Stop at 6690.00, Take profit at 6650.00, Stop loss at 6720.00