FTSE seen opening lower

LONDON (Reuters) - The FTSE 100 <.FTSE> is seen opening as much as 0.5 percent lower on Thursday, mirroring weakness in Asian equity markets, as nervousness on the health of the global economy resurfaced, with investors eying flurry of corporate results.

Financial bookmakers saw the FTSE 100 opening 12-23 points lower. The index shed 2.1 percent in the previous session to close at 4,331.37 and is set for its fourth straight day of losses.

Weak U.S. retail sales data on Wednesday suggested that consumers were still struggling in the face of a weakening economy, denting risk appetite and knocking equity markets globally.

Energy and mining stocks were likely to see renewed pressure as metal prices and crude retreated.

Japan's Nikkei <.N225> fell to its lowest point in two weeks on Thursday as exporters slid on a firmer yen and on renewed concerns about the U.S. economy while other Asian equities were also weaker and government bonds gained.

(Reporting by Simon Falush)

Article Published: 14/05/2009