Oil and Banks Cast a Long Trading Shadow ; Share Prices Market Report

Summary

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The FTSE 100 Index lost ground yesterday as high oil prices and weak banking stocks cast a shadow over London trading.

A poor start for New York's Dow Jones Industrial Average, reflecting more economic worries in the United States, saw the Footsie end the session 73.3 points down at 5893.6, a drop of more than one per cent.

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Extract

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Oil and Banks Cast a Long Trading Shadow ; Share Prices Market Report

Investor sentiment failed to recover after oil prices hit more than EUR100 a barrel, fuelling fears of slower economic growth around th...

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