LONDON MARKETS: Lloyds, BP Among Few Gainers In Lower LondonSentiment eroded further in London on Tuesday, with mining and some banking stocks driving the losses. But Lloyds Banking Group PLC and BP PLC rose on earnings reports.
The FTSE 100 index fell 0.5% to 6,428.60, looking at a gain for the month of around 0.3%. The index closed up 0.5% on the prior session.
London stocks moved a leg lower after a gauge of manufacturing in the Chicago area slid to a more-than-three-year low in April, while the S&P/Case Shiller home price index rose 0.3% in February and U.S. stocks traded mostly lower.
On the upside in London, shares of Lloyds (LYG) rose 2.4% after the bank said it swung to a hefty profit in the first quarter of the year, with impairment charges dropping off and no need to put money aside to cover the misselling of payment protection insurance products.
Also higher, shares of Royal Bank of Scotland Group PLC (RBS) rose 3.8%. The company is due to report first-quarter results on Friday.
However, shares of heavyweight Barclays PLC (BCS) fell 2%, and Standard Chartered PLC dropped 1%.