Sluggish mining and bank stocks have dragged the FTSE100 lower this morning, currently 21.80 points (0.39%) down to 5520.
Normally steady Standard Chartered is leading the losses on a glum start for banks, 4% behind to 1535. Oil and gas plant engineer Petrofac is lower on declining crude prices, down 3.79% to 558.50.
Falling metals prices continues to hit miners, with Ferrexpo 3.17% behind to 237 and Xstrata 3.08% lower to 2859.
ITV has rebounded well, up 6.72 to 50.80; while brewer SABMiller is 2.96% ahead to 1182.
In New York, falling oil prices and a stronger financials sector continued to rejuvenate US investors, with the Dow Jones IA closing Monday 48.03 points (0.41%) higher to 11782.35.
General Motors was boosted as oil dipped under $115 a barrel, climbing 7.28% to 10.76. Home Depot’s fine run continues, up 4.32% to 27.51.
The largest US financials did well, with American Express 3.6% higher to 39.17 and Bank of America 3.5% ahead to 33.38.
Boeing and IBM struggled however, down 1.83% to 66.62 and 1.72% to 126.60 respectively.
In Tokyo, industrial manufacturers struggled on Tuesday snapping three day gains for Japanese stocks. The Nikkei 225 closed 127.31 yen (0.95%) lower to 13,303.60.IFAonline
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