FTSE 100 falls 1.2%
FTSE 100 falls 1.2%
Monday 6th July 2009
The FTSE 100 started the week with a drop below the 4,200 mark, miner pulled the index down.At 08:44 (BST) the index stood at 4,186.41, a drop of 49.87 points or 1.18 per cent.
The fall followed losses in Asia, with Tokyo's Nikkei down 1.38 per cent.
The mining sector fuelled the drops this morning, as the backbone of the index lost strength.
Lonmin was down 4.31 per cent, Xstrata fell 3.71 per cent, Rio Tinto slipped 3.26 per cent and BHP Billiton was down 2.79 per cent – as concerns over the strength of a global economic recovery held.
Insurer Old Mutual was down 3.29 per cent.
Some stocks did see limited gains this morning.
Compass Group was up 0.74 per cent, Reed Elsevier gained 0.38 per cent and Reckitt Benckiser was up 0.36 per cent.
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