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London shares fall for third consecutive day

Despite the UK stock market beginning 2010 in a very positive vein we have today seen the market fall for the third day in a row. There are concerns about the UK banking arena, after moves by the US government, as well as worries about the Chinese economy which has begun to wobble after a relatively upbeat short-term performance.

If nothing else, concerns about the UK banking sector and the Chinese economy have given some investors in the UK a reality check. There was concern that some investors were beginning to look too far ahead even though problems with UK finances still need to be addressed and the economy is far from back in the growth groove. When you also consider the general election is around the corner, with the potential for a hung parliament, there are a number of potential factors which could unnerve investors and impact upon the UK stock market recovery in the short term.

It will be interesting to see how markets open up next week and whether this downward trend continues. After the rally towards the end of 2009 we may well see a number of investors stepping forward to take profits and sit back on the sidelines until things have calmed down.

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