Political unrest hits Dow and FTSE

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p><a href&equals;"http&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2011&sol;02&sol;political-unrest-hits-dow-and-ftse&period;jpg"><img class&equals;"alignnone size-full" title&equals;"The FTSE 100 Index has dropped 22 points to 6064" src&equals;"http&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2011&sol;02&sol;min-political-unrest-hits-dow-and-ftse&period;jpg" alt&equals;"The FTSE 100 Index has dropped 22 points to 6064"&sol;><&sol;a><&sol;p>&NewLine;<p>Markets saw lacklustre trading on both sides of the Atlantic as concerns over global political unrest and moves to curb inflation in China hit investor sentiment&period;<&sol;p>&NewLine;<p>Wall Street&&num;8217&semi;s Dow Jones Industrial Average had an uncertain early session&comma; with the troubles in the Middle East and North Africa unsettling investor confidence&period;<&sol;p>&NewLine;<p>In London&comma; the FTSE 100 Index dropped 22 points to 6064 as mining and banking stocks acted as a drag&period;<&sol;p>&NewLine;<p>Investors were hesitant as anti-government protests continued across Bahrain and Libya&comma; while finance leaders assembled at a G20 meeting in Paris to discuss global economic issues&period;<&sol;p>&NewLine;<p>Elsewhere&comma; China&&num;8217&semi;s central bank said it will raise banks&&num;8217&semi; reserve-requirement &&num;8211&semi; the second increase this year &&num;8211&semi; to withdraw excess liquidity from the economy and curb inflation&period;<&sol;p>&NewLine;<p>This raised fears over Chinese demand for raw materials&comma; which combined with depressed copper prices to hit mining stocks&period;<&sol;p>&NewLine;<p>Anglo-American dropped 95&period;5p to 3200p&comma; BHP Billiton retreated 61&period;5p to 2383p and Rio Tinto lost 105p at 4393&period;5p&period; However&comma; safe-haven gold was in demand &&num;8211&semi; helping African Barrick Gold move 4&percnt; higher&comma; up 19&period;5p to 570p&period;<&sol;p>&NewLine;<p>Shareholders moved to lock-in recent bank profits&comma; with Barclays down 7&period;4p to 326&period;1p&comma; Lloyds Banking Group off 0&period;4p to 68&period;8p and HSBC 8&period;2p lower at 722&period;7p&period;<&sol;p>&NewLine;<p>BAE Systems was also in the red&comma; down for a second session in a row as investors digested Thursday&&num;8217&semi;s warning that sales were likely to fall this year due to ongoing defence budget cuts on both sides of the Atlantic&period; Shares were down 0&period;7p to 340&period;3p&period;<&sol;p>&NewLine;<p>Severn Trent and United Utilities were enjoying better fortunes &&num;8211&semi; up 26p to 1480p and 5p to 592&period;5p &&num;8211&semi; after Goldman Sachs upgraded stocks in the sector&period; Their second tier counterpart Northumbrian Water also benefited with an 11&period;4p gain to 326&period;5p&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-69e4ce2f55ee5">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; 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