9th Feb 2015 07:00
LONDON (Alliance News) - London markets set to open lower Monday, after Chinese trade data showed a sharp drop in imports for January, while events in Greece look set to continue to give investors sleepless nights.
IG futures indicate the FTSE 100 to open 28 points lower at 6825.9. The index closed down 0.2% at 6,853.44 on Friday, with gold miners amongst the worst performing stocks after a better-than-expected US jobs report sent the dollar soaring and the gold price lower.
Wall Street ended mixed Friday. The DJIA closed down 0.3%, the S&P 500 ended down 0.3% and the Nasdaq Composite up 0.4%.
In Asia on Monday, the Japanese Nikkei 225 closed up 0.4% and the Hang Seng trades down 0.5%. The Shanghai Composite is trading up 0.4%.
Brent crude is quoted at around USD57.84 a barrel Monday, and US benchmark West Texas Intermediate is quoted at USD51.68 a barrel. Gold is quoted early Monday at USD1,239.08 an ounce.
In the economic calendar Monday, German trade balance for December is at 0700 GMT, and US Labor market conditions index for January is at 1500 GMT.
In the corporate calendar, Randgold Resources will issue a full year statement, while Acal will release an interim management statement.
By Daniel Ruiz; [email protected]
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