World markets report

Markets slipped back yesterday after China signalled a tightening in its monetary policy. The FTSE 100 closed down 0.7% at 5,498.

The FTSE 100 slipped back again yesterday as energy, mining and financial stocks retreated after China signalled a tightening in its monetary policy. The index closed down 0.7% at 5,498.

Miners were firmly at the bottom of the table. Vedanta fell 6.4%, Fresnillo and Lonmin lost 5.2% and 4.1% respectively, and Xstrata was 3.3% lower.

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