Economics
Commodity Slump Leaves U.K. Stocks Among 2014’s Worst: Options
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Plunging energy and mining shares have dragged the FTSE 100 Index down with them, making investors in U.K. stocks among 2014’s biggest developed-market losers.
A five-year low in oil combined with slowing demand for industrial metals means the FTSE 100 will see little relief, said Ashcourt Rowan Plc’s Stephen Walker. Bets that the benchmark gauge will retreat further cost the most in three years relative to bullish options, one-month options data show.