FTSE 100 claws back its early losses
London shares clawed back early losses on Tuesday as oil prices rose back above $30 a barrel.
At midday, the FTSE 100 index was down 29.5 points, or 0.50%, at 5,847.5, having earlier been down as much as 100 points.
Brent crude oil rose 1.2% to $30.87 a barrel, recovering from falls of 3%.
The Shanghai Composite Index closed down 6.4%, the Nikkei 225 in Tokyo dropped 2.4% and the Dow Jones in New York fell 1.3%.
An increase in De Beers’ sales of rough diamonds boosted mining shares, with Anglo American the top gainer, up 7.6%.
Among the fallers, Easyjet shares were down 2.5% after this morning’s trading statement.
On the currency markets, the pound was down by a fifths of a cent against the dollar at $1.4233, and up a fifth of a cent against the euro at €1.3149.
Source: BBC – FTSE 100 claws back its early losses
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