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FTSE follows Asia lower - Market Report

FTSE follows Asia lower - Market Report

The FTSE 100 ticked down in early trading to around 7,440 points, following a slump in Asian markets caused by protests against the zero-covid policy in China.

Demand in the UK housing market has fallen 44% since September’s mini budget, according to Zoopla. The real estate firm are currently estimating that prices will fall by an average of 5% in 2023.

Rolls Royce shares are up this morning, after it successfully tested a hydrogen-fuelled jet engine in partnership with easyJet.

Advanced Oncotherapy have released what it considers promising results from a study involving its LIGHT proton therapy system.

Elsewhere in healthcare, C4X Discovery signed an exclusive worldwide licensing agreement worth up to $402mln with AstraZeneca. And the RM Group said it has conditionally agreed to sell RM Integris and RM Finance for up to £16mln, as part of a restructuring.