Friday, 31 January 2014
The FTSE 100 index was down 0.1 percent, or 5.83 points, at 6,538.45 by the close, nearing its lowest since mid-December. It has suffered in recent sessions from a sell-off in emerging markets that continued on Thursday.
The Nikkei share average rose on Friday morning, recouping some of the previous day's steep declines as strong Japanese corporate earnings and solid growth in the United States provided welcome relief for frayed nerves.
Oil has been marching to the beat of its own drum, but at the end of the day it is priced in the dollar," said Le Brun. "So if we see some solid strength in the dollar, it will weigh on oil and other commodity prices."
Three-month copper on the London Metal Exchange had edged up 0.16 percent to $7,106 a tonne by 0120 GMT, after 0.4 percent losses the session before, when it slipped to $7,066 a tonne - its weakest since Dec. 6. Copper was eyeing a drop of 3.5 percent for January, its biggest monthly fall since June.