FTSE 100 Pressured by Commodity-Linked Stocks

2026-01-30 09:16 By Agna Gabriel 1 min. read

The FTSE 100 traded near the flatline on Friday as falling metals and oil prices weighed on heavyweight miners and energy stocks, offsetting gains in banking shares.

Gold, silver and copper all moved lower, dragging mining stocks sharply down, with Endeavour falling more than 5%, Fresnillo down over 4.5%, Antofagasta off 5%, and Glencore, Rio Tinto and Anglo American all losing more than 2%.

Lower crude prices also pressured energy majors, with Shell and BP each down around 1%.

In contrast, banks provided support, with HSBC up 0.8%, Barclays gaining 1.3%, Lloyds rising 2.3%, and NatWest and Standard Chartered both up more than 1%.

Rolls Royce added around 1.6%.

On a weekly basis, the FTSE 100 remained up about 0.4%, while for January the index is still higher by roughly 2.6%.



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