UK stocks were lower on Wednesday morning as market sentiment was weighed down by heavy losses in Asia, concerns over the euro and a growth forecast cut by the World Bank."European equities are trading slightly lower this morning unable to recoup yesterday's losses with pressure arising out of Asia overnight where the recent rapid ascent, especially in Japan, has come to an abrupt halt due to profit-taking and a stronger Japanese yen," said Markus Huber, the head of German HNW trading at ETX Capital.The World Bank has cut its global growth forecast for 2013 due to the difficult recovery that economies worldwide are currently undergoing despite the improvement in the financial markets. It now expects growth of 2.4% this year, down from its prior forecast of 3%. Stocks across Europe have been dampened further by Eurogroup chief and Luxembourg Prime Minister Jean-Claude Juncker who said that the euro was reaching "dangerously high" levels.Market analyst Michael Hewson from CMC Markets: "Unfortunately this appears to be the price for the recent decline in Spanish and Italian bond yields, which have been highly correlated with the euro as pressure on the ability of the Spanish and Italian governments to sell their bonds has subsided. If yields continue to fall then we could well see further euro gains towards $1.40 which would ratchet up the problems once again in the weaker economies as they struggle to rebalance."Meanwhile, markets are showing caution ahead of a number key economic indicators today, including consumer price inflation data in the Eurozone and US, as well as earnings figures from Wall Street banking heavyweight Goldman Sachs.FTSE 100: Banks out of favour early onPart-nationalised lenders RBS and Lloyds were registering losses after Bank of England officials said that they need more capital to shore up their balance sheets. Meanwhile, the Daily Mail has said that RBS may be facing the prospect of a £500m fine over its alleged role in the LIBOR interest-rate rigging scandal.Anglo American was extending losses from yesterday after the restructuring of its platinum operations prompted backlash from South African politicians and unions. Goldman Sachs cut its target price for the stock this morning from 1,650p to 1,500p, retaining its 'sell' recommendation.Tobacco giant Imperial was a heavy faller this morning after going ex-dividend.EVRAZ was lower despite completing the acquisition of a 50% stake in Corber Enterprises, meaning that it has secured an indirect controlling interest in OJSC Raspadskaya. The purchase makes the enlarged group the largest producer of coking coal in Russia.Information services company Experian gained after posting a 5.0% increase in revenue for the three months to December 31st.FTSE 100 - RisersShire Plc (SHP) 2,066.00p +1.62%Johnson Matthey (JMAT) 2,274.00p +1.25%United Utilities Group (UU.) 705.50p +1.15%Capital Shopping Centres Group (CSCG) 367.50p +1.13%Experian (EXPN) 1,049.00p +1.06%CRH (CRH) 1,227.00p +0.99%Associated British Foods (ABF) 1,546.00p +0.91%Tate & Lyle (TATE) 776.00p +0.91%Unilever (ULVR) 2,426.00p +0.87%Carnival (CCL) 2,481.00p +0.85%FTSE 100 - FallersAnglo American (AAL) 1,884.50p -3.90%Imperial Tobacco Group (IMT) 2,392.00p -3.70%Lloyds Banking Group (LLOY) 53.19p -2.17%Royal Bank of Scotland Group (RBS) 347.10p -1.98%ARM Holdings (ARM) 826.50p -1.72%ITV (ITV) 110.60p -1.60%Xstrata (XTA) 1,164.50p -1.56%Barclays (BARC) 291.00p -1.49%Standard Chartered (STAN) 1,655.00p -1.43%Glencore International (GLEN) 387.65p -1.29%FTSE 250 - RisersDaejan Holdings (DJAN) 3,110.00p +2.47%Filtrona PLC (FLTR) 555.50p +1.83%Petra Diamonds Ltd.(DI) (PDL) 117.30p +1.47%RPC Group (RPC) 412.50p +1.10%Perform Group (PER) 384.10p +1.08%Raven Russia Ltd (RUS) 66.25p +1.07%Kenmare Resources (KMR) 35.46p +1.05%British Empire Securities & General Trust (BTEM) 496.45p +0.93%PayPoint (PAY) 851.50p +0.89%Alent (ALNT) 349.90p +0.89%FTSE 250 - FallersDixons Retail (DXNS) 25.77p -5.22%New World Resources A Shares (NWR) 286.90p -4.68%Lonmin (LMI) 332.10p -4.02%Taylor Wimpey (TW.) 72.30p -3.66%Jupiter Fund Management (JUP) 314.70p -3.17%EnQuest (ENQ) 120.00p -3.15%Ferrexpo (FXPO) 256.10p -2.81%Wetherspoon (J.D.) (JDW) 519.50p -2.35%Diploma (DPLM) 525.50p -2.32%Debenhams (DEB) 103.20p -2.27%BC
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