FTSE down on miner and bank struggles

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 Mot...