FTSE 100 slips a second session on commodity weakness
FTSE 100 fell around 0.5% on Thursday, extending losses for a second session. Oil prices fell for a fourth consecutive session, weighing on energy stocks; Glencore and Rio Tinto both declined more than 1% on weaker copper.
The FTSE 100 fell around 0.5% on Thursday, extending its decline into a second session as weakness in commodity stocks weighed on the index.
Shell and BP dropped 1.5% and 1.2%, respectively, as oil prices fell for a fourth consecutive session.
Also, Glencore and Rio Tinto both declined more than 1%, pressured by lower copper prices, with Glencore also trading ex-dividend.
Elsewhere, Prudential fell nearly 2% despite reporting stronger new business profit for the first half, supported by solid performances in Hong Kong and Malaysia.
Investor sentiment globally received a boost from Nvidia, whose latest results included an upbeat outlook for artificial intelligence demand and expectations of continued strong sales growth through 2028, reinforcing optimism around the broader AI investment cycle.