FTSE winning streak ends

The FTSE has recovered 28 points to 4556.9

The FTSE 100 Index's 11-day winning streak came to an end as miners and banks dragged the London market down.

The benchmark index matched the best sequence since the index began in 1984 on Monday - gaining 11% since its run higher began on July 10 - but shed 57.3 points or 1.3% to 4528.8 by the close.

US markets were also on the back foot after disappointing consumer confidence data, while oil prices also eased back below 67 dollars a barrel.

The top flight briefly moved above 4600 before heading down and traders will hope that the 4500 mark now acts as a support level for any subsequent sell-off.

CMC Markets' head of western trading David Fineberg said: "The important aspect for global equity markets now will be just how far the market retraces."

The declines came despite better-than-expected figures from oil giant BP, which posted a 32% quarter-on-quarter improvement in profits between April and June and said its cost savings plan was running ahead of target.

But with BP also seeing little evidence of any pick-up in oil demand, shares were down 16p to 503p in the wake of the results.

Royal Dutch Shell and BG Group - due to post half-year figures later in the week - were down 16p at 1582p and 24p at 1082p respectively.