European stocks open: FTSE 100 5,648 -20.27 -0.36%, CAC 40 3,169 -25.03 -0.78%, DAX 6,087 -24.31 -0.40%

Market news

5 January 2012

European stocks open: FTSE 100 5,648 -20.27 -0.36%, CAC 40 3,169 -25.03 -0.78%, DAX 6,087 -24.31 -0.40%

EURO-YEN: Cross posted fresh 11 year lows Y98.67 in recent trade, before bouncing to Y98.90 in current dealings

EURO-DOLLAR: Slippage extends to $1.2858, with rate seen meeting option linked demand between $1.2860/50 which has so far soaked up any stops trigger sales.

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