Pick of the early market news

The FTSE 100 closed almost 200 points lower than the previous week on Friday, slipping to 5,164. The week also ended with an expensive Italian bond auction and Belgium receiving a credit downgrade. Today, the IMF denies it plans to prepare to rescue Italy and Spain from the credit flames. All eyes, shortly, will turn to George Osborne as he prepares to deliver his crucial Autumn Statement.