Investments into the FTSE 100 will have suffered this week as the index fell into the red after poor performance from various firms.
According to City Index figures, mining and metals company Kazakhmys dropped 4.8 per cent and finished in the negative after a weak performance and predictions for future copper prices .
However, the European and US markets did not fare much better with a two per cent fall due to the announcement by Caterpillar that global machine sales were down 48 per cent.
Nick Serff, market analyst for City Index, said: "With the run up to the Federal Reserve meeting on Wednesday, stock indexes could remain nervous and under pressure. Investors will not be expecting any change in US rates but will be very keen for signs as to when monetary policy could start to tighten."
City Index recently reported that the European market has fallen by one per cent after investors cashed in stocks and shares following a good rally.
FTSE falls into the red
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FTSE falls into the red
Tue, 22 Sep 2009
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