FTSE 100 slides on United States rate rise worries

London's top flight index looked set for its biggest fall since the Brexit vote on Monday, as central bank jitters and concern over Hillary Clinton's health weighed on global markets.

The FTSE 100 index closed down 76.1 points or 1.12% as global markets reacted to the US Democratic presidential candidate being diagnosed with pneumonia just weeks ahead of the US election.

Stocks across the globe slumped after Democratic presidential nominee Hillary Clinton was diagnosed with pneumonia just weeks ahead of the U.S. election.

(Open): The UK market opened sharply lower, echoing a slide in Asian stocks, amid fears the Federal Reserve could raise U.S. interest rates next week.

Stocks dropped globally on Sunday after Mrs Clinton was seen stumbling as she left a 9/11 memorial ceremony in NY.

Across Europe, the German Dax closed 1.34% lower, while the French Cac 40 dropped 1.15%.

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The price of global benchmark Brent crude dropped 1.3% to 47.22 United States dollars per barrel on Monday, following news that oil drilling activity was on the rise in the US.

Associated British Foods, which owns fashion chain Primark, was the biggest loser on the market and had seen its share price drop nearly 10% on Monday afternoon following a disappointing financial results release in the morning.

The company reported that full-year sales took a hit from unseasonable weather, adding that currency movements following Britain's decision to quit the European Union will have both positive and negative repercussions for the group.

ABF shares closed lower by 10.8% or 341p, to 2815p.

Ms Wade-Gery - who was once tipped to take the helm at M&S - was due to return to the company at the beginning of this month. The growth-sensitive basic resources sector slumped 3.5 percent, the worst performer on the day, while bank stocks fell 1.9 percent. Investec downgraded its outlook for RBS, saying the lender's recovery was "distant and uncertain".

The biggest fallers in the FTSE 100 Index were Associated British Foods (-316p to 2,840p), Marks & Spencer Group (-18.7p to 325p), Anglo American (-39.5p to 807.1p), BHP Billiton (-47p to 970.5p) and Lloyds Banking Group (-2.5p to 56.8p).

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