Coronavirus Update

19th February 2021

Weekly Round Up

The FTSE100 started the week positively with the heavily weighted mining and oil and gas companies reaping the rewards of soaring commodity prices. Brent crude oil has traded as high as $63.8/barrel. On Thursday markets started to reverse out some gains from earlier in the week as news broke that UK retail sales dropped 8.2% month-on-month in January, much worse than the 2.5% forecast. Additionally, inflation worries persisted because of higher commodity prices.

Risers 

Antofagasta, an international mining company based in Chile, as well as natural resources companies Glencore and BHP Group were the biggest risers this week.

Fallers

Investment service, Hargreaves Lansdown, and precious metal mining companies Polymetal International and Fresnilo were the biggest fallers.