The FTSE 100 has opened in the red, falling 0.23% or 13.67 points to 5,970.66 in early trading, as worse than expected US job figures took their toll on investor sentiment.
December’s US non-farm payroll number, announced on Friday, came in well below forecasts. A total of 103,000 new jobs were created in the US last month, which is much lower than the 150,000 predicted by analysts.
On London's leading share index this morning, mining groups began the week lower with Xstrata falling 1.9% or 28.5 points to 1472p and Kazakhmys diving 1.76% or 28 points to 1563p with metal prices hurt by talk of China tightening its monetary policy.
Early winners include Morrisons, up 1.67% or 4.5 points to 274.5p as its full-year forecasts remained unchanged and like-for-like sales grew over Christmas and New Year, up 1% on the previous year. Other early winners include Tesco and Vodafone.
Meanwhile, the Dow Jones ended last week in negative territory, down 0.19% or 22.55 points to 11,674.76, although the index did not fall as far as expected following the negative labour market data.
In Asia, Japanese stock markets were closed on Monday for the Coming of Age Day public holiday. The Nikkei will reopen on Tuesday after closing at 10,541.04 points on Friday.
Second preference falls at the third
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