FTSE trading slips on oil price

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In the UK, the FTSE 100 Index has lost ground early this morning, paced by mining firm Rio Tinto, after the price of crude oil traded at its lowest price since the end of July.

The benchmark index is down 18.4 points to 4710.30 points, while Rio Tinto has slipped 35p to 1439p. Rival mining firm BHP Billiton has also lost 12p to 572p this morning. However, betting firm William Hill leads the gainers adding 6p to 539p. In Japan, the Nikkei 225 Stock Average added 0.6% to 10,941.37 points as the yen lost ground to the dollar after a government report revealed a slowdown in the growth of Japan's economy in the third quarter. Exporting company and Automaker, Honda Motor added 1.8% to 5,090 yen, while Matsushita Electric Industrial - a producer of consumer elect...

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