FX.co ★ FTSE 100 Snaps 4-Day Wining Streak

The FTSE 100 experienced a decline of approximately 0.4% on Wednesday, following its record high on Tuesday and four successive days of gains. This downturn was primarily due to losses in major commodity stocks, attributed to falling oil and precious metal prices. Notably, oil giants Shell and BP saw declines of more than 2% after U.S. President Donald Trump announced that Venezuela would export up to 50 million barrels of oil to the U.S. Concurrently, the easing of gold and silver prices contributed to a reduction in recent gains for mining firms, with Fresnillo dropping around 3% and Endeavour Mining decreasing by about 1.2%. In contrast, traditionally more stable sectors demonstrated stronger performance; telecommunications leader Vodafone increased by approximately 2.4%, while utility companies Severn Trent, United Utilities, and SSE saw gains as investors moved towards safer assets amid a session marked by reduced risk appetite.