The FTSE 100 has opened lower this morning as investor confidence was dented by weaker Asian markets overnight and a flat US session on Monday.
After posting strong gains yesterday, London's blue-chip index was down 20.75 points (0.42%) to 4,875.48 by 10am. Miners are leading the losses, with Xstrata worst hit, down 3.27% to 842p. Kazakhmys is also down more than 3% to 950.50p, while Rio Tinto is down 2.65% to £24.47 and Eurasian Natural Resources is down 2.57% to 873.50p. Retailers however were in favour. Homebase and Argos-owner Home Retail Group posted a gain of 1.97% to 311.20p. DIY operator Kingfisher is also ahead, 1.52% higher to 214.30p; while Marks & Spencer is up 1.3% to 343p. In Japan, the Nikkei 225 pos...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes