Waning confidence starts the week with FTSE down

US investor confidence is slowing creeping over the pond and affecting the UK stockmarkets this morning, as there is concern that an economic recovery may not lift corporate profits as much as forecast. Vodafone Group, AstraZeneca and Royal Bank of Scotland Group led declines as the FTSE 100 lost 28.2 points or 0.6% to 4628.2 in early trading. Vodafone lost 1.25p, or 1.4%, to 88.75p largely because the economic is expected to hit this huge company fairly hard. The European Commission has said it expects the region's economy to grow by 1.4% this year, at the slowest pace since 1993....