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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/01/china-fears-put-dampener-on-market.jpg"><img class="alignnone size-full" title="The FTSE 100 Index slipped 59.8 points to 5917 on opening" src="http://londonglossy.com/wp-content/uploads/2011/01/min-china-fears-put-dampener-on-market.jpg" alt="The FTSE 100 Index slipped 59.8 points to 5917 on opening"/></a></p>
<p>Fears that China will have to do more to cool economic growth following higher than expected inflation have put a dampener on world stock markets.</p>
<p>The FTSE 100 Index slipped 59.8 points to 5917 after similar losses in Asia as the Nikkei 225 and the Hang Seng Index both dropped by more than 1%.</p>
<p>China&#8217;s economy expanded 9.8% in the fourth quarter, while inflation in December moderated to 4.6% from November&#8217;s 28-month high but analysts said it was still more than expected and likely to rise again.</p>
<p>This led to fears that China will have to slow economic growth, which could dent the country&#8217;s appetite for crude and other commodities.</p>
<p>Stocks were also under pressure after banking giant Goldman Sachs said fourth quarter earnings fell by more than half.</p>
<p>In corporate news, shares in easyJet slumped 13% or 59.2p to 396.5p after the airline warned half-year losses could double due to the impact of weather disruption and the rising cost of fuel.</p>
<p>More Than insurer RSA was another casualty of the recent snow after it revealed its bill for UK weather-related claims was expected to be £110 million more than normal after the coldest December for 100 years.</p>
<p>RSA said full-year earnings would be lower than market forecasts &#8211; at around £600 million to £630 million against predictions for at least £700 million. Shares fell 2.4p to 132.4p.</p>
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