USA Futures slightly down from their down day, CMC got the FTSE down approx 25 - 30 pnts.
"Pharmaceutical group AstraZeneca (LSE: AZN.L - news - msgs) may come under pressure after news that the Japanese health ministry is set to impose stricter rules on the use of the lung cancer drug Iressa, which it said has been linked to 124 deaths."
"Troubled telecommunications group Cable & Wireless (LSE: CW.L - news - msgs) , recently evicted from the FTSE 100 in the latest quarterly reshuffle, faced more bad news. US shareholders have filed a class action suit against C&W, alleging that the company violated the Securities Exchange Act by issuing false and misleading statements to the market."
No easy shorts just yet!
"NEXT , MARKS & SPENCER (LSE: MKS.L - news - msgs)
Retailers may receive a boost from a report in the Financial Times that stores open on Boxing Day enjoyed busy trading. The newspaper said that at a Next store in Manchester, a queue of 2,500 people were waiting for the store to open at seven am. Retailers also reported that they were busy earlier in the week as people rushed to finish their Christmas shopping, the paper said. Retailers have suffered in the run up to Christmas amid signs of poor Christmas trading."
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