FTSE in the red ahead of US stimulus talks

London's blue chip index remained in the red mid-afternoon despite gains in the US, with investors cautious ahead of the all-important meeting of the Fed in the US.

The FTSE 100 was down 0.6% at 5,333.06 just after the US opened, with miners and other cyclicals weighing heaviest. Antofagasta and Xstrata were amongst the biggest losers in the index, falling 4.4% and 2.8% respectively reflecting falls in commodity prices. Commodities trader Glencore was also among the bottom five performers, losing 3.7%. In Europe, markets also suffered with the DJ Eurostoxx 50 shedding 0.75% to move to 2,124.37. Although further economic stimulus is likely to be announced at the end of the Federal Reserve's two-day meeting, it may not have much impact on market...