25/09/14 Market Movements

Market news

The FTSE100 closed at a six week low after dropping 66.56 points to close at 6,639.71. The index was hit by investor caution amidst concerns that Britain and the United States will soon tighten monetary policy.  Mining, energy stocks and companies exposed to the British property market suffered the most.

Shares in oil giant BP and global mining company BHP Billiton were among the biggest drags on the FTSE 100, as oil and copper prices retreated on expectations that U.S. monetary policy will firm at a time of sluggish demand from emerging markets.