London open: Stocks flat ahead of UK borrowing figures; volumes paltry

| December 21, 2016

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Stocks in London were flat in early trade as investors awaited the release of UK borrowing figures, with volumes dwindling ahead of the Christmas break and little in the way of market-moving news.By 0830 GMT, volumes on the FTSE were 50% below the 10-day moving average.Meanwhile, oil prices advanced after data from the American Petroleum Institute showed a 4.1m barrel drawdown in US crude inventories in the week ended 16 December, which was a bigger drop than expected. Still to come, investors will eye data from the US Energy Information Administration.

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