FTSE rally comes to abrupt end

The six-day rally on the FTSE 100 Index was brought to an abrupt end today as falling commodity stocks put pressure on miners and oil majors.

FTSE rally comes to abrupt end
Wed, 07 Jan, 2009 - 17:28

The six-day rally on the FTSE 100 Index was brought to an abrupt end today as falling commodity stocks put pressure on miners and oil majors.

Oil prices fell back below the $50 (€36.50) mark as a US government report showed oil reserves were much greater than expected, suggesting a continued decline in demand.

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