© Provided by City AM The FTSE 100 followed global markets lower this morning as the dust settles after Chancellor Rishi Sunak's Budget yesterday.
London's premier index was down 0.7 per cent shortly after the open at 6,620 points. The smaller FTSE 250 was down 0.4 per cent.
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The drop came after another fall on Wall Street last night, with the S&P 500, Dow Jones, and Nasdaq all down overnight.
Once again, rising bond yields, which inspired a hefty sell-off last week, were to blame for the tumble.
Across Europe, markets are also in the red this morning, with the Eurozone-wide Stoxx and the DAX down in line with the FTSE.
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Commodities firms were among the biggest losers this morning, with Rio Tinto leading the way with a drop of 6.2 per cent.
Fellow miners BHP, Anglo American and Glencore were all also down, marking a reverse of strong recent gains due to rising commodity prices.
Insurer Aviva led the risers' chart, up 2.9 per cent on the news that it would quit the Italian market.
And there was another boost for the FTSE as food delivery app Deliveroo confirmed that its £7bn listing would take place in London.
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