FTSE down 1% after commodity sell-off

By 2.05pm the FTSE 100 had dropped 1% or 60.49 points to 6,022. Jobs data in the US - which showed the US private sector had added only 179,000 jobs in April, below estimates, failed to lift the already weak market prior to the US opening. The market had already been trading lower as sliding commodity prices pulled down mining shares. Gold has fallen 0.48% to $1,533 per troy ounce, while copper has plunged 1.91% to $4.16. Brent crude is the only commodity which has not posted heavy losses, holding steady at $122.53 a barrel. In reaction to weak metal prices, miners dominated ...