London markets nervous after Christmas holiday

PRE-OPEN REPORT: The London Stock Exchange reopens this morning after being closed since 12.30 p.m. on Friday for the Christmas break. Although trading is expected to be light investors are worried about...

... worse than expected economic figures from Japan and continuing worries about many of the eurozone economies, particularly Italy and Spain.

US & ASIA

In the US last night, the Dow dropped 3 points to close at 12,291, the Nasdaq was up 7 points at 2,625 and the S&P500 was almost unchanged at 1,267.

In Asia today, the Nikkei in Tokyo was down 17 at 8,424. There were much bigger falls on the Hang Seng in Hong Kong which dropped 148 points to 18,481.

WTI crude oil was up slightly at $101.55 a barrel while the gold price was down around 0.3% at $1591 an ounce.

LONDON MARKETS

There are no scheduled company announcements today.

Niche Group is due to hold its AGM. Story provided by StockMarketWire.com

Source: http://www.moneyam.com/action/news/showArticle?id=4282681

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