5th January 2012
The FTSE 100 has seen declines in trading today (January 5th) amid ongoing fears over the eurozone.
Proactive Investors reports the blue chip index was down by 14 points as of 13:40 GMT to 5,654, with record levels of borrowing from the European Central Bank by financial institutions in Spain holding fears for many investors.
Christopher Beauchamp, research analyst at IG Index, said: "A combination of worries about Europe is taking its toll on markets and on the single currency this morning. The financial health, or otherwise, of the continent's banking system is under the spotlight."
The news follows an otherwise positive start to the new year for the FTSE 100, after the index recorded a 1.6 per cent rise on Tuesday.
However, David Morrison, strategist at GFT, told the Financial Times at the time that the upward momentum for the markets may wane over the course of the month, as the hangover from 2011 will likely catch up with investors.
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