The FTSE 100 is down 27 points, or 0.43%, to 6,200.73 in early trading as a bout of profit taking among mining stocks has pulled the index lower.
Antofagasta is the biggest loser so far with a drop of 1.58% to 468.5p, closely followed by Xstrata which is down 1.54% to £24.31, while Johnson Matthey has slipped 1.41% to £15.42.
GlaxoSmithKline is also down 1.31% to £14.30, while property company Hammerson has declined 1.27% to £15.56, although supermarkets are higher following bid speculation, with Sainsbury’s up 0.89% to 541.25p.
However, Morrison is posting the biggest gains with a rise of 2.44% to 315p, although life companies are also performing well with Prudential up 1.72% to 682p, while Standard Life has added 0.98% to 308p, and Aviva has climbed 0.85% to 775.5p.
In Japan earlier today, the Nikkei 225 Stock Average added 73.73, or 0.4%, to 17,164.04, as exporters moved higher after the yen weakened against the dollar and the euro, easing concerns its value would hurt exporters' earnings.
Matsushita, the world's biggest consumer electronics maker, rose 30 yen, or 1.3%, to 2,375, while Nintendo jumped 1,200 yen, or 3.8%, to 32,950,and Sony climbed 180 yen, or 3%, to 6,170.
Advantest, the world's biggest maker of memory-chip testing equipment, jumped 130 yen, or 2.5%, to 5,380, while Fanuc, the world's biggest factory robot maker, rose 90 yen, or 0.9%, to 10,550, and Tokyo Electron advanced 160 yen, or 1.9%, to 8,560.
Sumitomo Realty & Development, the nation's No. 3 property developer, jumped 180 yen, or 3.9%, to 4,820, while Softbank, Japan's third-largest mobile phone operator, surged 130 yen, or 4.6%, to 2,930.
Canon, the world's largest digital camera maker, rose 130 yen, or 2.1%, to 6,290, while Credit Saison, which provides loan and credit card services, surged 390 yen, or 11%, to 3,800, and Sumitomo Mitsui Financial Group rose 10,000 yen, or 0.9%, to 1.12 million.
And in the US yesterday, the Dow Jones Industrial Average rose 68.25 points, or 0.56%, to 12,260.7, as the index retreated from earlier three figure gains as investors seemed to grow nervous ahead of today’s key monthly jobs report.
AT&T posted the biggest gains with a rise of 3.05% to $36.51, closely followed by Verizon Communications which ended up 2.24% to $36.48, while American Express added 1.72% to $56.82.
Honeywell International also climbed 1.55% to $47.32, while McDonald’s added 1.25% to $43.64, although technology companies helped to limit the gains as four stocks ended the session lower.
Microsoft was the biggest loser with a drop of 1.05% to $27.32, closely followed by IBM which slipped 1% to £93, while Johnson & Johnson dropped 0.23% to $61.72, and Wal-Mart declined 0.1% to $47.88.If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Nyree Stewart on 020 7034 2681 or email [email protected]IFAonline
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