FTSE seen opening lower

LONDON (Reuters) - The FTSE 100 <.FTSE> is seen opening as much as 0.8 percent lower on Monday following weakness in Asian markets and in the U.S. on Friday on concerns about the outlook for corporate profits and the global economy.

The blue-chip index is seen opening 31-36 points down after closing 0.3 percent lower on Friday at 4,348.11 to end the week 2.6 percent softer.

Japan's Nikkei 225 <.N225> was down 2.2 percent by 6:15 a.m., with exporters hit by the strengthening yen. The yen tends to gain value when risk aversion mounts.

Investors were little comforted by data on Friday that showed April consumer prices unchanged and industrial output declining at a slower pace or improved confidence from Japanese manufacturers.

Article Published: 18/05/2009