FTSE 100 OPEN: Trading muted as China data emerges

Essar Energy was the biggest riser in early trading as markets remained subdued following news of the Chinese economy’s widening trade deficit.

The news suggested that the Chinese economy may be facing additional issues.

Essar Energy saw its share price increase by 1.4% to 112.5p (at 0804 GMT), with consultancy Amec joining it at the top, rising 0.9% to 1,159p.

Oil and gas services company Petrofac increased by 0.8% to 1,725p, gold producer Polymetal International rose by 0.7% to 1,013p, as engineer Meggitt added 0.6% to its share price, climbing to 402.4p.

Engineer GKN was the biggest faller (at 0806 GMT) with its share price dropping by 1.6% to 209.2p.

Royal Bank of Scotland Group dropped 1.4% to 25.84p, while miner BHP Billiton slipped 1.3% lower to 1,997p.

Resources company Rio Tinto slipped 1.2% to 3,468.5p, while Lloyds Banking Group fell 1.1% to 33.96p.