Investing News Network

Stocks in London fell for the fourth straight day today as banks and oil firms caused the benchmark index to decline.

The Alternative Investment Market (AIM) was down this morning, falling 3.22 points to hit 810.49 points. Earlier today, the market reached a high of 813.7 points and a low of 808.74 points.

Greatland Gold (LSE:GGP), a UK-based mineral exploration and development company, saw gains on the AIM today, rising GBP0.13 to GBP0.62, a 26.8-percent increase from the previous session.

However, more mining and energy companies experienced losses on the AIM today. For instance, Uranium Resources (LSE:URA) lost GBP0.28, or 22.45 percent, to reach GBP0.95, while UK-based exploration company Condor Gold (LSE:CNR) sank GBP21.50, or 17.62 percent, to GBP100.50. Similarly, Zanaga Iron Ore (LSE:ZIOC), a UK company focused on managing and developing iron ore projects, lost GBP1.62, or 7.98 percent, hitting GBP18.75.

Stocks in London fell for the fourth-straight day today as banks and oil firms caused the benchmark index to decline, MarketWatch reported. Meanwhile, the pound reached a three-day low following the release of data showing that the UK trade deficit grew in September to GBP9.82 billion, according to Investing.com.

The new US jobs report for October, which indicates that 204,000 jobs were added last month, also weighed on markets. Investors are concerned the information could cause the Federal Reserve to slow its stimulus.

MARKETS

Markets
TSX19577.04+31.10
TSXV660.08+4.88
DOW32726.82-85.68
S&P 5004151.94-3.23
NASD12720.58+52.42
ASX6974.90-1.00

COMMODITIES

Commodities
Gold1792.56-0.53
Silver20.31+0.11
Copper3.52+0.03
Palladium2106.50+42.50
Platinum939.50+8.50
Oil88.96+0.42
Heating Oil3.30-0.03
Natural Gas8.15+0.03

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