Proactive Investors - It looks like a weak start to the week in London following falls in Asian markets over concerns of defaults in the Chinese property sector.
Spread betting companies are calling the FTSE 100 down by around 14 points after closing down 94.44 points at 7,524.16 on Friday.
Michael Hewson at CMC Markets said: “Asia markets have fallen sharply this morning as a sell-off on Chinese markets, amidst concern over defaults in its property sector, and broader economic weakness has prompted fears that this weakness could spread to other areas of the economy, after it was claimed that a Chinese trust company failed to make payments to some clients."
Shares in Chinese property giant Country Garden slumped around 16% after it missed bond payments and warned of multibillion-dollar losses, deepening concerns over the nation's heavily indebted real estate sector.
In Asia, the Nikkei 225 index in Tokyo was down 1.2%. In China, the Shanghai Composite was down 0.9%, while the Hang Seng index in Hong Kong was down 2.4%.
Back to London, and it’s a quiet start to the week with results from CentralNic, Plus500 (LON:PLUSP), and Stelrad.