Housing and Middle East concerns drag FTSE down

The London market closed in the red today after a volatile session amid concerns over the housing market and political tension between Israel and Iran.

The FTSE 100 closed 32.5 points down at 5634.7, although a late bounce-back from the banking sector helped the Footsie claw back a 1.3% drop in mid-session trading on rumours of a strike on Iran’s nuclear sites.