FTSE little moved on housing slowdown

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Banks are back as the dominant force in the London stock markets this morning, but the fluctuation between major players has so far offered little gain.

The FTSE 100 index is currently almost flat to 4393 within the first hour of trading and the FTSE All-Share index is still at 2157 as HSBC has fallen and Bradford & Bingley is up in value, in part because RICS today reveals house price has grown at an incredibly slow rate compared with recent years. HSBC slipped 4p or 0.5% to 822.5p while buy-to-let experts Bradford & Bingley have gained 5.5p or 2% to 284p. In the Far East, value of Asian stocks rose again after oil prices finally fell and US firms reported higher earnings. Sony and Li & Fung led gains for the largest firms of expo...

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