FTSE 100 at three-month low

<p>Friday saw the FTSE 100 hit a three-month low at 5765, down 90points. The Dow closed down 172 points as risk aversion hit commodity and […]</p>

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  • Friday saw the FTSE 100 hit a three-month low at 5765, down 90points. The Dow closed down 172 points as risk aversion hit commodity and banking stocks globally.
  • Today saw a brighter start for UK markets, with the FTSE 100 up 23points at 5788.
  • Dow futures are up 41 points currently.
  • After their tumble last week, miners and banks are leading the FTSE today, with Eurasian the biggest gainer so far, up 4.5%.
  • Kazakhmys is up 3.5% and Vedanta is up 1.5%. Lloyds is looking stronger, up 2%.
  • In banks, Barclays is up 1.5%.
  • On the downside however, we have Aggreko, off 3.5% as Numis cut its rating for the company to ‘Sell’.
  • No major data due for release today, but later in the week we have British inflation, unemployment, and retail sales numbers to keep an eye out for.

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