The FTSE 100 ended its four days of gains by slipping 0.7% to 5,345 yesterday. Miners were among the day's biggest losers, with Lonmin the sector's biggest faller, down 3.3%; the only stock not in negative territory was Kazakhmys, which ended flat.
Banks were mixed, with HSBC off 2.1% and Barclays losing 2.8%, but Lloyds and RBS both managed small gains, up 0.6% and 0.9% respectively.
Utilities were generally higher, however, with Scottish & Southern Energy and Centrica the best performers, up 2% and 1.9% respectively. And among food retailers, Wm Morrison added 1.2%, Sainsbury's was 0.5% higher and Tesco gained 0.4%.
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Europe
In Europe, the Paris CAC fell 34 points to 3,829; and the German Xetra Dax was 26 points lower at 5,778.
US
On Wall Street, the Dow Jones Industrial Average rose 0.3% to 10,437; the S&P 500 added 0.1% to 1,110; and the Nasdaq Composite was 0.3% higher at 2,203.
Asia
In Asia, Japan's Nikkei 225 index fell another 0.6% to close at 9,676; while the broader Topix index lost 0.8% to close at 850. In China, the Shanghai Composite rose 0.6% to 3,303; and the CSI 300 added 0.1% to 3,630.
Commodities
Brent spot was trading at $78.57 early today, and in New York, crude oil was at $79.70. Spot gold was trading at $1,147 an ounce; silver was at $18.63 and platinum was at $1,461.
Currencies
In the forex markets this morning, sterling was trading against the US dollar at 1.6814 and against the euro at 1.1266. The dollar was trading at 0.6702 against the euro and 89.12 against the Japanese yen.
UK news
And in the UK, today's Queen's speech to Parliament is expected to focus on the banking industry, as it introduces the Financial Services Bill and a Fiscal Responsibility Bill. Likely inclusions are changes to the remit of the Financial Services Authority, which will have responsibility for financial stability, currently the preserve of the Bank of England. It is also expected to introduce tighter controls on bankers' pay.
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Inheritance tax receipts jump 11% even before Autumn Budget overhaulOfficial figures show inheritance tax receipts are rising even before the chancellor’s changes to reliefs
