FTSE falls on opening after earlier rally (AFP)
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LONDON (AFP) – London's main stock markets weakened in opening deals on Wednesday, as many investors took profits after hefty gains the previous day.
The FTSE 100 index of top companies shed 0.53 percent to stand at 5,777.93 points.
Shares had jumped higher on Tuesday, helped by a compromise on tax and employment policies between US President Barack Obama and his Republican opponents seen as a boost to the economy.
Dealers said an apparent easing in the eurozone debt crisis and Ireland's draconian 2011 budget added to the positive tone, with miners also boosted by sharp gains for commodity prices.
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