The FTSE 100 got off to a poor start this morning as it fell 0.8% to 5221.7, at its opening a short time ago. upward pressure on interest rates.
The decline is being led by commodity producers including Rio Tinto and BHP Billiton. Rio Tinto, the world's third-biggest mining company, has declined 1.9% to 2,176p, while BHP Billiton, the world's largest mining company, has slipped 3.1%, to 793p. Oil stocks including BP and Royal Dutch Shell have also dropped in response to oil prices which have fallen below $63 a barrel despite the news Hurricane Wilma is likely to miss key oil facilities in the Gulf of Mexico. BP has fallen 7.5p, or 1.21%, to 612.5p, while Shell has dropped 24p, or 1.39%, to 1700p. Elsewhere Touchstone Group...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes