FTSE 100 Falls on Friday
The FTSE 100 fell 0.2% on Friday after reaching a record high on Thursday, driven by weakness in commodities. Losses were seen in miners and oil majors, with Rio Tinto down 2.2% and Shell down 0.7%. Precious metals producers also declined as gold and silver prices paused. Despite the dip, the FTSE remains up approximately 0.9% for the week, marking its third consecutive week of gains.
The FTSE 100 traded 0.2% lower on Friday, easing back after closing at another record high on Thursday, as weakness in commodities weighed on the index.
Losses were concentrated in miners and oil majors, reflecting a pullback in raw material prices after a strong run.
Heavyweight miners Rio Tinto (-2.2%), Anglo American (-1.7%), Glencore (-1.6%) and Antofagasta (-1.5%) all moved lower, tracking declines in metals such as copper and tin as prices retreated from recent record levels.
Precious metals producers also lost ground, with Fresnillo (-0.5%) and Endeavour Mining (-1.2%) falling as gold and silver paused after a sharp rally.
Energy stocks added to the drag, with Shell down 0.7% after snapping a six-day winning streak and BP also trading 0.6% lower.
Despite the day’s dip, the broader trend remains positive, with the FTSE still up roughly 0.9% for the week so far, marking its third consecutive week of gains.
