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Financial News

Monday July 6, 11:20 AM
Market overview: FTSE 100 down 54

LONDON (ShareCast) - 1115: Platinum miner Lonmin (LSE: LMI.L - news) is now down nearly 8%, leading the sector into the red as Footsie
(news) remains firmly lower. Retail stocks are among the risers, with supermarket Sainsbury (LSE: SBRY.L - news) 's and B&Q owner Kingfisher (LSE: KGF.L - news) in the top 10. FTSE 100 down 54 at 4,181.

0920: Footsie is still firmly in the red as miners lead the main index lower. Platinum group Lonmin is bottom of the pile. Only nine stocks are posting gains, with defensively-oriented household products group Reckitt Benckiser (LSE: RB.L - news) the best performer. FTSE 100 down 57 at 4,178.

0845: Miners are leading Footsie lower this morning. Lonmin, Xstrata (LSE: XTA.L - news) , Rio Tinto (LSE: RIO.L - news) and Fresnillo (LSE: FRES.L - news) are all among the big fallers on renewed concerns about the US economy after last week's disappointing data. Rexam (LSE: REX.L - news) and Reed Elsevier (Amsterdam: 273044.AS - news) are the best of the risers, but gains are small. FTSE 100 down 49 at 4,186.

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