Financial Times FT.com

Europe energy sector subdues finance rally

By Miles Johnson

Published: January 21 2009 22:28 | Last updated: January 21 2009 22:28

European equities hit a two-month low on Tuesday as losses in the energy sector overshadowed a late afternoon banking rally.

Europe’s banks, having fallen to their lowest level in almost 16 years on Tuesday, rebounded to end the session as the best performing sector in the pan-European index after sentiment was lifted by another round of government intervention.

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