Around the World's Markets: London

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The Independent Online
GROWING FEARS over the path of interest rates extinguished a rally on the back of the positive US inflation figures.

The FTSE 100 closed down 69 points, or 1.11 per cent, at 6,164.4 - the second consecutive daily fall. Interest-rate sensitive stocks such as financials and telecoms took the brunt, wiping some 33 points off the index. "Apathy is the word that springs to mind," said a trader. "We're stuck between 6,000 and 6,300."

Market Report, page 17

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