Jump to content
House Price Crash Forum
Sign in to follow this  

Commodities Lead Share Slide

Recommended Posts

Looks like things are getting worse

Commodities lead shares slide


Nick Fletcher

Wednesday May 24, 2006

"The volatility in the markets continued this morning as leading shares failed to capitalise on yesterday's gains. And it was not just investors suffering - consumers had to face up to power companies saying they planned to increase household bills yet again."

"Elsewhere, though, the downward slide continued and again the main influence was commodity prices. By lunchtime the FTSE 100 index had fallen 103.6 points to 5575.1, and the 250 index of middle ranking companies was 174.8 lower at 9059.5.

Copper fell nearly 6%, while gold and oil were also traded lower in early dealings. The miners again led the falls in the FTSE 100, with Kazakhmys down more than 5%, while Antofagasta, Anglo American and BHP Billiton all lost about 4%.

Symptomatic of the nervous mood prevailing was renewed speculation that a hedge fund had got into trouble with some of its positions in the recent market turmoil."

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.