The FTSE 100 is sluggish this morning as continued housing dramas and a poor start for the majority of miners drag the index 50.90 points (0.84%) down to 5974.70.
The London Stock Exchange Group is leading the losses, down 6.6% to 1598; while Cable and Wireless is struggling, 4.69% lower to 162.40.
A poor trading statement for Rio Tinto has hit most of the mining sector, with Lonmin copping the biggest crunch – sliding 4.63% to 3378.
A Goldman Sachs upgraded to 'buy' from 'neutral' has led pharmaceutical giant AstraZeneca to the morning’s best result, currently 3.23% ahead to 2299.
British Airways is also flying, up 2.25% to 283.75 and spirits company Diageo is 2.06% ahead to 1018.
In New York, the Dow Jones plunged last night on the back of Citigroup’s poor Q4 result, falling 277.04 points (2.17%) to 12501.11.
General Motors fell as it strives to maintain the size of its cars as fuel-economy standards tighten. It closed 5.95% lower to 22.28.
JPMorgan Chase also fell as it next in line to report its Q4 results, dropping 5.29% to 39.17.
Alcoa continued its barren run, the aluminium producer plunged 5.2% to 31.19.
No stocks climbed in Tuesday trading.
In Tokyo, the Nikkei 225 followed the poor day in the US, sliding 3.35% to 13,504.51.
Major exporters, such as Sony, were hammered as a higher yen compounded dramas.
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