FTSE 100 Falls 0.5% as Banks Drag UK Stocks Lower
London’s FTSE 100 fell 0.5% to 10,699.33 points by 1006 GMT, reaching its lowest level in a week. Sharp declines in heavyweight banks weighed on the index, while rising oil prices dampened risk appetite as investors digested corporate earnings.
London’s FTSE 100 fell to a one-week low as steep losses among heavyweight banks weighed on the index. Rising oil prices also curbed risk appetite, while investors assessed a batch of corporate earnings. The blue-chip FTSE 100 index CURRENCYCOM:UK100 was down 0.5% at 10,699.33 points by 1006 GMT…