BGN Entrepreneur

After weak performances overnight on Wall Street and in Asia debt fears, the FTSE 100 is seen opening down, reverse ascend rally on Monday. The UK blue chip index closed 31.41 points higher, recovered by 0.6% to 5092.33 on Monday as gains in miners and strength in the defensive problems repealed.
On Monday, Wall Street joined the Dow Jones Industrial Average below 10000 sales for the first time ever since November as investor bank stocks due to increased concern over the euro zone debt problems.
The concern over the fiscal stability of Greece, Portugal and Spain has rattled global markets over the past two weeks, curbing the appetite for riskier assets. Concerns about the debt problems also hurt shares in Asia on Tuesday, with the Nikkei hits lowest level in almost two months suffered with shares of exporters.
According to the Royal Institution of Chartered Surveyors’ monthly house price balance, on the macro front overnight, the net percentage of surveyors rose higher rather than lower property prices report to plus 32 in January, from plus 30 in December. This figure is far above the consensus forecast of plus 28 and not far from three-year high in November of plus 35.
However, a survey by the British Retail Consortium indicated a record on Tuesday that the British retail sales fell in January to the worst result for that month in 15 years.

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