Economic fears and metal prices drag FTSE down

Persistent fears over the economy and weaker metal prices dragged the London market more than 2% into the red today.

Economic fears and metal prices drag FTSE down

Persistent fears over the economy and weaker metal prices dragged the London market more than 2% into the red today.

Falls among heavily weighted miners hit the FTSE 100 Index hard, while retail and banking stocks also declined on concerns that the Government’s housing market pep-up measures would not be enough to lift the economic gloom.

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