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UK & European shares fell at the open on
following downbeat sessions in the US and Asia, as investors mull disappointing
Chinese data and the latest UK house price figures.
Asia-Pacific markets slumped across the board,
mirroring moves on Wall Street as investors assessed trade data from China and
Australia.
Oil prices recouped some of their losses in early
Asian trading but remained at the lowest levels since June, after falling in
the previous session on high U.S. crude output and gasoline inventories.
Gold prices were flat as investors held back from
making big bets ahead of a crucial U.S. payrolls data later this week that
could offer more clues on the Federal Reserve’s interest rate trajectory.
Sports Direct owner Frasers Group posted an 8% rise
in interim profits, driven by a strong jump in sales at its international
division.
The company posted pre-tax profits of £310m for the six
months to October 29. Retail revenue was up 4% to £2.68bn, with international
retail sales up 13.2% to £645.8m.