FTSE lower after Tuesday rally

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Markets opened down after a huge rally on Tuesday, with the FTSE100 losing 25.36 points (0.68%) to 3,689.87.

Optimism from Fed chief Ben Bernanke helped financial shares across the globe, but this morning the sector was showing mixed results. Barclays shares were among the biggest gainers, up 7.41% to 72.5p, while L&G and Standard Life climbed 3.37% and 3.23% respectively. However, HSBC shares tumbled 8.77% in early trade, while Standard Chartered dropped 4.69% to 772p. Energy firms also faired badly, with Cairn Energy shares losing 5.56% to £17.66, while International Power dipped 3.12% to 198.6p. The US market ended the day on a high, with the Dow Jones adding 379.44 points (5.8%) to 6,9...

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