Weekly Round Up
The FTSE100 started the week positively with the heavily weighted mining and oil and gas companies reaping the rewards of soaring commodity prices. Brent crude oil has traded as high as $63.8/barrel. On Thursday markets started to reverse out some gains from earlier in the week as news broke that UK retail sales dropped 8.2% month-on-month in January, much worse than the 2.5% forecast. Additionally, inflation worries persisted because of higher commodity prices.
The information provided in this communication is not advice or a personal recommendation, and you should not make any investment decisions on the basis of it. If you are unsure of whether an investment is right for you, please seek advice. If you choose to invest, your capital may be at risk and the value of an investment may fall as well as rise in value, so you could get back less than you originally invested.