Tuesday, May 8, 2007

FTSE slips on oils, banks; interest rates eyed

(Reuters) - Britain's top share index extended losses by mid-session on Tuesday ahead of key U.S. and UK interest rate decisions this week, as oil shares and banks proved a drag.

At 1043 GMT the FTSE 100 was down 34.4 points, 0.52 percent at 6,569.3, slipping from its highest close in more than 6-1/2 years in the last session. European shares also nudged lower.


Read more at Reuters Africa

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