World markets report

The world's markets slid back yesterday, weighed down by tumbling financial stocks and falling commodity and energy prices.

Banks, miners and energy stocks weighed on the FTSE 100 yesterday, dragging the market down 1% to close at 5,191. Leading the fall was Lloyds Banking Group, which shed 7.2% after news that it is to raise £12bn in equity. Not far behind was RBS, sliding 5.6%, while Barclays was 2.5% lower and HSBC lost 1.8%. Miners slipped as the dollar rose, and a weaker oil price pushed energy stocks lower. Defensive stocks were generally up, however - Cable & Wireless climbed 3.3%, British American Tobacco added 0.2% and Reckitt Benckiser rose 0.5%.

Europe

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.