FTSE decline continues to close

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The FTSE 100 Index plunged 129.90 points, or 2.2%, to 5,912 points today, led by US inflations concerns and profit-taking among commodities and oil stocks.

Kazakhmys dropped 4.01% to 1,315p and Antofagasta fell 4.35% to 2,442p. A slip in oil prices through $73 a barrel took BP down 2.08% to 659.50p and Shell down 2.64% to 1,879p. Schroders was one of the rare gainers, up 2.22% to 1,153p, following a Citigroup upgrade to "buy" from "hold" as the broker said buoyant equity markets have supported the shares during the first quarter. In the US, the Dow Jones Industrial Average has fallen 36.90 points, or 0.3%, to 11,463.83 points on concern inflation may drive the Federal Reserve to keep raising interest rates. Expedia has tumbled $4.68, o...

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