THE FTSE 100 Index failed to make headway today after the US Federal Reserve added to unease about the recovery in the world’s biggest economy.
In a statement accompanying a decision to leave interest rates at a record low, the central bank said that financial conditions were "less supportive" of economic growth - seen as a reference to Europe’s debt crisis.
The FTSE 100 Index was 33.2 points lower at 5145.4 as hopes of a positive session for miners failed to materialise.
The sector had been expected to rally following new Australian Prime Minister Julia Gillard’s comments about seeking negotiations with miners over a proposed super tax.
Xstrata fell 26p to 992.2p and Kazakhmys dropped 31p to 1138p as economic worries dominated sentiment.
In corporate results, DSG International shares were slightly lower, even though full-year profits of £90.5 million came in higher than expected. The share price fall of 0.4p to 27.1p followed a decent session for the consumer goods sector yesterday.
Shares in transport group Go-Ahead were 91p lower at 1228p after a trading update led Shore Capital stockbrokers to reduce its profit forecast by £5 million due to more cautious forecasts in the rail segment.