HSBC, Barclays do best, worst on 100

| November 10, 2009 | 0 Comments
HSBC, Barclays do best, worst on 100

European equities markets were lower Tuesday as banks were mixed and miners declined in London.

The FTSE 100 fell 0.09 percent to 5,230.55 in London, while the FTSE 250 dropped 0.89 percent to 9,120.96.

The banking sector provided both the best and worst performers on the 100 as HSBC Holdings (LSE: HSBA) added 4.02 percent after it reported that its losses on consumer loans were down for the first time in three years, but Barclays Bank (LSE: BARC) fell 4.02 percent.

Miners were lower after Randgold Resources (LSE: RRS) issued a third quarter report that saw output up while profits were below predictions.

Randgold fell 4.23 percent while gold and silver miner Fresnillo (LSE: FRES) was down 3.71 percent, Kazakhmys (LSE: KAZ) was 2.64 percent lower and Antofagasta (LSE: ANTO) dropped 2.52 percent, all on the 100.

The best performance of the session in London came from construction services group Morgan Sindall (LSE: MGNS), which added 9.9 percent on the 250, while Punch Taverns (LSE: PUB) turned in the worst performance on the day with a decline of 6.2 percent.

The FTSE Eurofirst 300 dropped 0.19 percent to 1,010.35 while the IBEX fell 0.02 percent and the Dax dropped 0.12 percent to 5,613.2.

In Paris, the CAC-40 was up fractionally, adding 0.01 percent to 3,785.59 percent.

New York markets were lower in midday trade as the Dow Jones Industrial Average fell 0.19 percent to 10,207.9 by just past 12:30 p.m. local time, while the Nasdaq Composite was down 0.49 percent to 2,143.52 and the S&P 500 had dropped 0.42 percent to 1,088.5.

Prices for crude oil and metals were lower in New York at midday.

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