FTSE in the red

The FTSE 100 Index slid into the red today weighed down by under-pressure oil stocks and inflationary fears returning to haunt investors.

Tue, 15 Aug, 2006 - 12:56

The FTSE 100 Index slid into the red today weighed down by under-pressure oil stocks and inflationary fears returning to haunt investors.

With yesterday’s rally on Wall Street overshadowed by concern for the US economy, European markets also took fright and the Footsie lost 18.5 points to stand at 5852.4 by mid-morning.

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