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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/01/ftse-lower-on-japan-debt-downgrade.jpg"><img class="alignnone size-full" title="The FTSE 100 Index was 43.6 points lower at 5921.4 in early trading" src="http://londonglossy.com/wp-content/uploads/2011/01/min-ftse-lower-on-japan-debt-downgrade.jpg" alt="The FTSE 100 Index was 43.6 points lower at 5921.4 in early trading"/></a></p>
<p>The FTSE 100 Index tracked Asian markets lower as investors reacted to lacklustre earnings in America and a credit-rating downgrade for Japan.</p>
<p>There was also uncertainty ahead of GDP figures in the United States, even though the world&#8217;s biggest economy is expected to show further momentum with fourth-quarter output at an annualised rate of 3.5%.</p>
<p>The FTSE 100 Index was 43.6 points lower at 5921.4 ahead of the GDP numbers and after the Nikkei 225 closed more than 1% lower in Japan.</p>
<p>This was after Standard &#038; Poor&#8217;s lowered the country&#8217;s long-term sovereign debt rating one notch to AA- due to its ballooning public debt.</p>
<p>Fourth-quarter earnings in the United States provided little comfort for investors as online retail giant Amazon missed Wall Street revenues targets, while consumer products firm Procter &#038; Gamble and rival Colgate-Palmolive reported lower profits.</p>
<p>In London, shares in pubs and brewing group Marston&#8217;s were 0.4p lower at 103.4p after the company reported strong trading figures for Christmas and new year.</p>
<p>The 11.2% rise in the 12-day period helped the Tavern Table owner to offset the impact of snow disruption at the start of December, while its operating margin was slightly better than a year earlier.</p>
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