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Stock exchange news: FTSE 100 down 0.4%

Stock exchange news: FTSE 100 down 0.4%
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The leading index on the British stock exchange went down by 0.4 per cent early this afternoon (October 27th).

According to Reuters, the FTSE 100 - which touched a two-week low - decreased due to weak commodities.

It fell by 23.35 points at 5,683.95, as the dollar was boosted by concerns over whether the quantity of the US Federal Reserve's next economic stimulus announcement.

One of biggest falls today came from miners, such as Xstrata dropping by 2.4 per cent after it revised a deal on a A$428 million (£262 million) takeover offer for Australia's Sphere Minerals.

Other declines came in the shape of copper CMCU3, which was off 1.9 per cent and crude CLc1 also eased off the US currency.

This comes after the news provider revealed that the FTSE 100 was not that affected by the UK economic reading yesterday as the stock exchange index fell by 0.7 per cent to 5,713.75.

Posted by Greg SeckerADNFCR-1681-ID-800161263-ADNFCR