Market Report: Oil and Rates Fears Weigh Down Ftse

Birmingham PostMay 13, 2004

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Summary


The London market was dragged down by a poor performance across the Atlantic last night as concerns over rising oil prices and interest rates weighed heavily.

The FTSE 100 Index dropped 41.8 points to 4412.9 after employment figures at home suggested there was still scope for another rates rise by the Bank of England.

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Market Report: Oil and Rates Fears Weigh Down Ftse

Figures released by the Office for National Statistics showed unemployment had reached a new low.

The Footsie mirrored the down...

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