Aviva leads FTSE 100 lower

Friday, 10 July 2009 12:00

The FTSE 100 fell 0.76 per cent to 4,127.17 as falling mining and insurance stocks dragged the index down to lows last seen in April.

Investors are cautious over mixed economic news, and the index has been drifting lower all week, eventually ending 2.6 per cent down from last week.

Aviva led the decline, down by 4.9 per cent by the close of trading, while Rio Tinto dropped 3.33 per cent and Standard Life was down by 3.19 per cent.

Retailers were supporting the index, however, with Tesco up 2.49 per cent and Morrison Supermarkets up by 1.86 per cent.

Over in the US, trading was also subdued, with the Dow Jones down by 0.76 per cent and the S&P 500 down by 0.85 per cent as the markets headed into early afternoon trading.

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