FTSE 100 sticks under 4,200 as Dow rises

Tuesday 7th July 2009

The FTSE 100 failed to hold on to an early spike on opening to settle below 4,200.

At 08:39 BST, the London blue chip index was at 4,189.83 – a fall of 5.08 or 0.1 per cent on opening.

There was a broad spread of gains and losses, with miner Kazakhmys leading the way up 2.03 per cent.

Morrison Supermarkets rose 1.87 per cent, ICAP gained 1.75 per cent and Vedanta Resources climbed 1.69 per cent.

Silver miner Fresnillo led the drops down 2.45 per cent, while builders merchant Wolseley was down 2.06 per cent and Argos-owner Home Retail fell 1.72 per cent.

BT dropped 1.45 per cent.

Last night in the US the Dow Jones Industrial Average was up 0.53 per cent, and Chicago's S&P 500 rose 0.26 per cent.

On the currency markets, sterling was down 0.55 per cent against the dollar to $1.6198 and down against the euro to €1.1631, making €1 worth £0.8597. ADNFCR-1783-ID-19252813-ADNFCR

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