Lloyds Banking Group drops 4 percent in London

| August 10, 2009 | 0 Comments
Lloyds Banking Group drops 4 percent in London

European equities markets were lower Monday on declines for banks among others.

The FTSE 100 was 0.2 percent lower to 4,722.2 in London, while the FTSE 250 was down 0.01 percent to 8,421.01.

Banks were mostly lower, led by Lloyds Banking Group (LSE: LLOY) with a decline of 4.03 percent, the biggest drop of the day on the 100, while Royal Bank of Scotland (LSE: RBS; NYSE: RBS PRM) was down 3.58 percent.

The FTSE Eurofirst 300 was down 0.64 percent to 944.29 while the IBEX fell 0.22 percent to 10,923, the CAC-40 was 0.47 percent lower to 3,504.54 and the Dax dropped 0.75 percent to 5,418.12.

Most markets in the Asia-Pacific region were higher, but the Shanghai Composite dropped 0.34 percent to 3,249.76 and the Sensex was down 0.99 percent while the Straits Times Index did not report as markets in Singapore were closed in recognition of a public holiday.

In Tokyo, the Nikkei 225 was up 1.08 percent to 10,524.26 while the Topix index added 1.3 percent to 969.24 and the Mothers market gained 1.26 percent to 462.59.

Elsewhere in the region, the Kospi added 0.01 percent to 1,576.11 while in Australia the S&P/ASX200 was up 0.11 percent to 4,304.1 and the Sydney Ordinaries gained 0.14 percent to 4,309.2.

In Taiwan, the Taiex was up 0.21 percent to 6,882.87 while the Hang Seng was 2.72 percent higher to 20,929.52 in Hong Kong.

New York markets were lower in early afternoon trade, with the Dow Jones Industrial Average down 0.45 percent to 9,328.21 while at the same time the Nasdaq Composite fell 0.64 percent to 1,987.36 and the S&P 500 had dropped 0.53 percent to 1,005.17.

Crude oil prices were lower in afternoon trade in New York while most metals prices fell and grains prices were mixed.

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