Every sector is negative territory with materials and energy plays the hardest hit.
In economic news, China’s inflation figures came in as expected and the market seems to have reacted positively.
With the numbers in line with expectations, traders are betting that the People’s Bank of China will not have to take any further immediate action to curb growth in the economy.
Around the region, Asian markets are trading lower; the Hang Seng is down 1.3% whilst the Nikkei is down 0.7%.
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