FTSE subdued by weaker US employment data

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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-l...

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