5 months ago • 1 min
Question: “What’s happening with the UK stock market this year?”
Answer: “In short, Eli, it’s not good news. Last week, the FTSE 100 – the UK’s leading stock market index – wiped out all its gains from earlier this year, going from a 6% rise to zero. Now, there are a handful of factors at play here, some of which you’ve probably come across in this very newsletter. But here’s one nugget you might find interesting: the mining sector has taken the biggest hit. That could be because a predicted surge in demand for certain commodities – which would have given prices and miners a boost – hasn’t quite panned out as expected this year.”
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