UK Market Closing Comments by IG Index

Going into the last few minutes of trading it has been a down day for the UK market with the FTSE 100 off by around 60 points.

The stock market has been under pressure for most of the day with any short rallies proving to be unsustainable. Mining and oil stocks have been particularly hard hit, with commodities continuing the recent run of weakness – the oil price has moved down to around $124 a barrel, a level not seen since early June.

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