FTSE falls on retreating resources

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The FTSE 100 reversed some of the strong gains recorded yesterday as commodity stocks dragged the index down more than 86 points, or 2.21%, to 3,839.

Copper mining company Antofagasta was down 3.07% to £4.89 while platinum producer Lonmin fell 2.95% to £13.81. Oil giant Royal Dutch Shell is also down, dropping 2.8% to £15.27. Lloyds Banking Group has recorded the morning's largest loss so far - 4.38% to 67.6p. Vodafone Group leads the gainers in early trading, up 2.61% to £1.25, followed by waste management business Pennon Group, which is up 2.53% to £4.15. In the US, the Dow Jones advanced 86.9 points, or 1.16%, to 7,608.92 on Tuesday as financials bounced back from Monday's sharp sell-off. Bank of America was the biggest gainer...

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