FTSE takes heavy hit due to interest rates fears

London shares were dragged back by heavy losses for mining stocks and renewed concerns over US interest rates today.

FTSE takes heavy hit due to interest rates fears
Fri, 21 Jul, 2006 - 12:49

London shares were dragged back by heavy losses for mining stocks and renewed concerns over US interest rates today.

The Dow Jones Industrial Average closed 83 points lower last night in the wake of mixed earnings reports and amid worries about the impact of oil prices on corporate performances.

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