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Old 08-19-2011, 11:49 AM   #1
Bruce0p9y
 
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, the FTSE 100 .FTSE index was 35.83 pointslower at 4,242.63authentic christian louboutin online outlet " Abbas said., having closed down 50.11 points, or 1.2percent in the previous session.
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British retail sales fell unexpectedly in May as shopperstightened their belts after splashing out over the Easterholidays, while government borrowing hit a record high christian louboutin boots pip toe , officialdata showed on Thursday.
The Office for National Statistics said retail sales volumesfell 0.6 percent on the month, against a forecast of a 0.4percent gain. That left them 1.6 percent lower than in the samemonth a year ago.
Sterling fell to a one-week low against the euro on the dataEURGBP= while gilt futures rallied as investors tempered someof their recent optimism over Britain's economic outlook.
Adding to the negative tone for the outlook on the economy,British factory orders fell slightly more than expected in Juneas export orders had their biggest drop in more than a decade,the Confederation of British Industry said. [ID:nLI581662]
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Miners saw some early gains reversed as metal pricesremained weak amid demand concerns.
Rio Tinto (RIO.L) was the worst off, down 3.2 percentreflecting its recent rights issues, while Vedanta Resources(VED.L), Antofagasta (ANTO.L), and Kazakhmys KA.L lost 1.4 to2.2 percent.
Xstrata (XTA.L), however, held firm, up 1.2 percentsupported by two broker upgrades. Morgan Stanley raised itsrating for the miner to "overweight" from "equal-weight", whileCitigroup upped its stance to "buy" from "hold".

BANKS MIXED
Among the banks, part-nationalised Lloyds Banking Group(LLOY.L) gained 3 percent, reflecting index re-weightingfactors, while Royal Bank of Scotland (RBS.L) gained 0.8 percentand Standard Chartered (STAN.L) added 2.2 percent.
But overall the sector was lower, with Barclays (BARC.L)down 1.9 percent and heavyweight HSBC (HSBA.L) off 1.4 percent.
The largest shareholder in HSBC, Legal & General InvestmentManagement, has offered for the first time public support foractivist investor Eric Knight and urged the bank to answerquestions he has raised over the bank's strategy. [ID:nLH376827]
U.S. stock futures .DJc2 pointed to opening falls in NewYork on Thursday after a mixed showing, with banks in focusafter the U.S. government's extensive proposals for regulatoryreform were unveiled by President Barack Obama on Wednesday.[ID:nN17330766]
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