		<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="2">
		</amp-ad>
				</div>
			</div>
		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/02/libya-turmoil-hits-london-market.jpg"><img class="alignnone size-full" title="The FTSE 100 Index dropped 15 points to 6067 by noon on Monday amid the political crisis in Libya" src="http://londonglossy.com/wp-content/uploads/2011/02/min-libya-turmoil-hits-london-market.jpg" alt="The FTSE 100 Index dropped 15 points to 6067 by noon on Monday amid the political crisis in Libya"/></a></p>
<p>Political turmoil in Libya has hit investor confidence as the London market slipped into the red.</p>
<p>The FTSE 100 Index dropped 15 points to 6067 by noon on Monday amid violent clashes in the North African state, where leader Muammar Gaddafi&#8217;s son Saif al-Islam warned civil war could hit the country.</p>
<p>The crisis pushed the oil price to its highest levels since September 2008, with Brent crude oil jumping to 104.65 US dollars (£64) a barrel.</p>
<p>Traders turned to safer investments such as gold and the US dollar as the crisis unfolded. The greenback rose against both the pound and euro.</p>
<p>With the US markets shut due to the President&#8217;s day holiday, traders focused on the unfolding crisis in Libya.</p>
<p>Banks weighed on the market, with Royal Bank of Scotland &#8211; due to publish full-year results this week &#8211; at the top of the fallers&#8217; board, down nearly 3% or 1.3p at 47.3p. Lloyds Banking Group is not far behind, losing 1.4p at 67.8p, while Barclays dropped 5.4p at 324.1p.</p>
<p>But miners helped offer support, with silver miner Fresnillo up 78p at 1585p, Lonmin ahead 12p at 1865p and BHP Billiton adding 13p at 2404p.</p>
<p>Oil giants surged on the inflated prices, with Tullow Oil 11p dearer at 1387p, BG Group up 2p at 1469p and Essar Energy ahead 6p at 524p.</p>
<p>Investors turned to the safe haven of gold as the crisis in Libya unfolded, pushing prices for the precious metal up to 1,402 US dollars (£864) an ounce. Randgold Resources benefited, adding 160p at 5195p.</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-691c25b46a0c8">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-691c25b46a0c8',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.
