With Greece still firmly on the crisis list, leading shares are heading lower once more.
The FTSE 100 is currently down 26.08 points lower at 6654.47, heading for a new five month low. Another 90 points or so and the index will have lost all the gains it has made so far this year.
But mining shares, normally among the first to get hammered when investors turn cautious, are trading higher. The comments from the US Federal Reserve on Wednesday suggested a rate rise might come this year, but given the weakening US economy this was by no means certain, and even so, any moves would be gradual. This slightly more dovish tone than expected, leaving the dollar lower and helping commodity companies where prices are quoted in the US currency, especially precious metal miners.
via The Guardian
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