FTSE 100 Slips as Bank Losses Weigh
The FTSE 100 fell 0.8 percent as bank shares dropped to a four-month low and oil prices advanced. Defensive sectors such as healthcare limited the overall market decline.
Insights:
The United Kingdom's blue-chip FTSE 100 index fell 0.8% to 10,680.25 points during Tuesday morning trading as elevated oil prices weighed on banking stocks. The midcap FTSE 250 dropped 1%, heading for its steepest one-day decline in two weeks. Defensive sector gains offered a partial cushion against broader market losses.
