The FTSE 100 is down in early trading with a drop of 45 points, or 0.73%, to 6,095, as miners got off to a poor start.
Vedanta Resources is the biggest drag on the index with a fall of 2.21% to £12.85, closely followed by Xstrata which is down 2.03% to £22.24, while Experian has slipped 2.2% to 599.5p.
Kingfisher is also down 2.14% to 251p, closely followed by Prudential which has fallen 1.93% to 659.5p, although losses are being limited by Associated British Foods which is up 0.17% to 876.5p.
Bradford & Bingley are posting the biggest gains with a rise of 0.87% to 464p, closely followed by Cairn Energy which is up 0.41% to £19.78, while Scottish & Southern Energy has gained 0.27% to £14.86, and ITV has climbed 0.23% to 110p.
In Japan the Nikkei 225 Stock Average declined 179.63, or 1.1%, to 15,734.60 at the 3pm close after the government cut its evaluation of the economy for the first time in almost two years.
Mitsubishi UFJ Financial Group, Japan's largest lender by assets, fell 40,000 yen, or 2.8%, to 1.38 million, while Sompo Japan Insurance, the nation's third-biggest property and casualty insurer, declined 36 yen, or 2.6%, to 1,374.
Meanwhile, Sumitomo Mitsui, Japan's No. 3 lender by assets, slumped 60,000 yen, or 5%, to 1.13 million, after reporting a 40% decline in second-quarter profit, while Daiichi Sankyo, Japan’s second largest drugmaker, rose 90 yen, or 2.8%, to 3,360.
Elsewhere Inpex Holdings, Japan's largest oil explorer, declined 12,000 yen, or 1.3%, to 925,000, and its smaller rival Japan Petroleum Exploration slid 140 yen, or 2.1%, to 6,430, as crude oil prices remained below $60 a barrel.
And Honda slipped 50 yen, or 1.2%, to 4,060, as the yen rose against the dollar, while Sony, the world's second-biggest consumer electronics maker, lost 90 yen, or 1.9%, to 4,600.
In the US the financial markets were closed yesterday for the Thanksgiving holiday period.IFAonline
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