FTSE slightly lower as M&S tumbles on cautious outlook



06 January 2010 @ 09:03 am BST

MORNING REPORT: Headline shares were slightly lower in early deals today, with retail icon Marks & Spencer the biggest faller after a cautious outlook statement and buoyant bankers keeping the main index in balance.

At 8:30am, the FTSE100 was down 4.48 points at 5,518.02 with the FTSE250 off 9.68 points at 9,547.41 and the FTSE Smallcaps 1.36 points lower at 2,815.03.

US & ASIA

In the US last night, the Dow closed down 12 points at 10,572, the Nasdaq Composite was flat at 2,309 and the S&P500 gained 4 points at 1,137.

In Asia today, the Nikkei was up 49.62 points at 10,731.45, while the Hang Seng was recently ahead 137.09 points at 22,416.67.

Crude oil traded at $81.78 a barrel on Nymex.

LONDON MARKETS

UK Services PMI is due for release at 9:30am.

Retailers hogged the limelight in London again today, although it was the banking sector that kept FTSE100 losses to a minimum in early deals.

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