Markets dip as investors take risk off the table

Global markets sold off this morning as bullish sentiment over central bank moves showed signs of losing momentum.

Investors took profits from growth sensitive assets, in particular the miners, as uncertainty over the weak global economic climate and continued eurozone woes dragged on. By mid-morning the FTSE 100 had shed 0.49% to 5,824, while the German Dax slipped 0.61% to 7,405 and the French Cac 40 lost 1.04% to 3,493. The oil price also suffered, falling 1.67% to $109.75 per barrel, while commodity linked currencies also sold-off, with the Australian dollar down 0.5% to $1.0399. In London the miners were the biggest losers, moving down across the board by mid-morning. Among the worst affec...