Daily market snapshot: FTSE down as metal prices fall back

European shares were lower this morning in early trading (FTSE Eurofirst 300 -0.6%; FTSE 100 -0.6%).

Mining and energy stocks suffered from falling metal and crude oil prices, and banks also retreated slightly from Monday's gains. Wall Street closed higher yesterday (Dow Jones +1.3%; S&P 500 +1.4%) on the back of stronger-than-expected home sales data; existing house sales were at their highest level for two and a half years during October. A weaker dollar lifted commodity stocks, but generally, trading volumes were light. Previous working day closing figures: Dow Jones: 10,450.95 FTSE All-Share: 2,735.06 FTSE 100: 5,355.50 FTSE 250: 9,270.11 FTSE AIM: 664.11 Market snapshots...