FTSE preview: Euro woes to dampen stocks
The FTSE 100 is expected to shed 27-29 points at the open as worries about a eurozone debt restructuring is likely to keep investors cautious.
Debt woe: Eurozone crisis is preoccupying traders
The blue-chip index dropped 19.09 points to close at 5,925.87 at the end of last week.
Once again commodity stocks are likely to be the most significant drag on the index, with crude and metal prices weaker pressured by a rise in the dollar.
Uncertainty on aid for Greece and other indebted euro zone countries was exacerbated after IMF chief Dominique Strauss-Kahn was charged with sexual assault on the weekend in New York.
'With all this anxiety it seems as though the equity markets are starting to show their true colours and age after early highs in May,' said Hamzeh Ajjour, dealer at London Capital Group.
Eurozone finance ministers are likely to back a bailout package for Portugal on Monday, with new conditions set by Finland.
The meeting was also expected to pressure Greece to announce more austerity steps to secure further emergency funding.
BP: The oil major is back in last-ditch talks to buy out the Russian partners in its joint venture TNK-BP Ltd, in a deal that could be worth $30bn or more, the Wall Street Journal reported on Sunday.
Royal Bank of Scotland: Britain may start selling its stakes in banks bailed out during the credit crisis with a £5bn Royal Bank of Scotland share sale as early as the first half of 2012, the Sunday Telegraph said.
London Stock Exchange: A group of Canadian banks and pension funds are hoping their C$3.6bn ($3.7bn) offer for TMX Group, subject of a friendly bid from LSE, will keep the nation's largest stock market from falling into foreign hands.
Kesa Electricals: The electricals retailer may sell its loss-making Comet chain in the UK and delist from the London Stock Exchange, freeing it to concentrate on its profitable French unit, the Sunday Times reported.
Rolls-Royce: Daimler and Rolls-Royce have signalled they are willing to raise their bid for German engine maker Tognum, bringing a takeover deal closer although some shareholders may hold out for more.
Southern Care Homes: The struggling British care home operator is exploring the potential sale of the group as it seeks a cash injection, the Sunday Telegraph reported.
Cranswick: The sausage skin maker releases full-year results.
ITE Group: The conference organiser releases first half results.
RM: The education software supplier releases its first half results.
Xchanging: The outsourcing company releases a trading update.
Most watched Money videos
- The new Volkswagen Passat - a long range PHEV that's only available as an estate
- BMW meets Swarovski and releases BMW i7 Crystal Headlights Iconic Glow
- 2025 Aston Martin DBX707: More luxury but comes with a higher price
- 'Now even better': Nissan Qashqai gets a facelift for 2024 version
- MailOnline asks Lexie Limitless 5 quick fire EV road trip questions
- Land Rover unveil newest all-electric Range Rover SUV
- BMW's Vision Neue Klasse X unveils its sports activity vehicle future
- Mercedes has finally unveiled its new electric G-Class
- Mini celebrates the release of brand new all-electric car Mini Aceman
- Mini Cooper SE: The British icon gets an all-electric makeover
- How to invest for income and growth: SAINTS' James Dow
- Tesla unveils new Model 3 Performance - it's the fastest ever!
- MARKET REPORT: Vodafone shares rally as investors cheer...
- Santander offers £175 to switch your current account -...
- Savers rush to open new savings accounts paying up to...
- Why 16 to 24-year-olds are putting their parents to shame...
- De Beers eyes £4bn London float as Anglo bids to fend off...
- My neighbour has started keeping bees. Is there anything...
- Marston's losses narrow amid hopes of summer sporting...
- I don't want smart meters, so Eon is charging me £316 to...
- Hundreds of jobs at risk as Anglo slashes funding for...
- ANOTHER UK tech star is bought by US private equity: KKR...
- Axe stamp duty on British shares, says Flutter boss as...
- Tesco boss pockets £10m in biggest ever pay deal at a UK...
- Experian shares rise sharply as credit data giant lifts...
- Golden Virginia owner Imperial Brands bolstered by higher...
- The best month to sell your car REVEALED - and why SUVs...
- BUSINESS LIVE: Burberry hit by luxury slowdown; Imperial...
- How refreshing that Anglo has chosen not to grab the...
- Royal Mail's future hanging in the balance as bid...