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Commodities struggle on UK stock market

Commodities struggle on UK stock market
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Recent figures revealed that commodity stocks were among those that suffered the most over the last day as stock market traders were faced with disappointing European growth figures.

Data released yesterday (August 16th) revealed that the eurozone only saw a 0.2 per cent gross domestic product growth during the April to June quarter.

Among the firms to witness a decline on the stock market was Glencore International, which fell 11.1 to 396p.

Those forming trading strategies may also be interested to learn that Antofagasta and Vedanta Resources also recorded drops, falling by 36p and 42p respectively.

At 10:10 BST today, the top riser on the FTSE 100 index was Fresnillo, which recorded a 2.83 per cent increase, followed by GKN with a 2.42 per cent rise.

When it last closed, the index was down 35.44 points, finishing at 5,357.63, while the FTSE 250 dropped by 47.35 points to close at 10,412.73.

Posted by Clive ArneilADNFCR-1681-ID-800702078-ADNFCR