European equity close: Early optimism fades as the FTSE 100 breakout fails

News
  • UK FTSE 100 down 0.2%
  • German DAX up 0.3%
  • France CAC 40 up 0.2%
  • Italy MIB up 0.15%
  • Spain IBEX up 1.2%

The FTSE broke to a two-year high in early trading but gave it all back and more as the mood soured. Interestingly, US equities are picking up now with the S&P 500 hitting a session high, up 27 points.

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