FTSE slips again as miners retreat

European equities are failing to bounce back from yesterday's falls this morning as poor earnings and macro concerns hit home.

In London, the FTSE 100 had been expected to open in the black after a late rally in the US, but a range of concerns have pushed the index down 0.6% to 5,848 by mid-morning. This is mirrored by falls in other European indices, the Euro Stoxx 50 falling 0.7% to 2,542 and Germany's Dax dropping 0.8% to 7,272 as downgrades of Spanish regional governments knocked sentiment. Overnight, disappointing company results from the likes of Caterpillar in the US pushed equities lower before a late rally saw the Dow Jones Industrial Average gain 100 points to close up 0.02% at 13,346. On a stock...