FX.co ★ FTSE 100 Pressured by Commodity-Linked Stocks

On Friday, the FTSE 100 index hovered near stability as declines in metal and oil prices negatively impacted leading mining and energy stocks, counterbalancing improvements seen in the banking sector. Precious metals such as gold, silver, and copper experienced price declines, significantly affecting mining stocks. Endeavour saw a drop of over 5%, while Fresnillo fell by more than 4.5%, and Antofagasta decreased by 5%. Meanwhile, Glencore, Rio Tinto, and Anglo American each suffered losses exceeding 2%. The energy sector was also under pressure due to falling crude oil prices, leading to approximately a 1% decrease in shares for both Shell and BP. Counterbalancing these losses, bank stocks offered some stability. HSBC shares rose by 0.8%, Barclays added 1.3%, Lloyds increased by 2.3%, and NatWest along with Standard Chartered each climbed by over 1%. Rolls Royce also contributed positively with a gain of roughly 1.6%. Despite the day's mixed performance, the FTSE 100 stood approximately 0.4% higher for the week, and for the month of January, it reflected an increase of about 2.6%.