Markets struggle in quiet trading session

<p>As LIBOR rates jump and the euro gets squeezed, hitting an 11-month low against the dollar yesterday, the majority of yesterday’s gains have been given […]</p>

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  • As LIBOR rates jump and the euro gets squeezed, hitting an 11-month low against the dollar yesterday, the majority of yesterday’s gains have been given up in early trading.
  • As the sell off ran through the US session after a hold on quantitative easing, the Dow Jones finished down 66 points.
  • Currently the FTSE is down 21 points at 5469 as another jump away from riskier assets has hit the miners.
  • The biggest faller is Fresnillo, down 3%.
  • Elsewhere, Rangold, Antofagasta and Rio Tinto are all down between 2% and 1.5% respectively.
  • On the positive front, Lloyds is the biggest gainer, up 0.7%.
  • With Freddie Flintoffs help on the advert, Morrisons Supermarkets also looking stronger, up 0.4%.
  • Interestingly, Xstrata is also stronger, up 0.6%.
  • At 9.30am this morning, we have UK November claimant data but otherwise a fairly quiet start to trading.

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