Reuters: Hot Stocks: Britain's FTSE knocked by Fed stimulus concern

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Britain's FTSE knocked by Fed stimulus concern Feb 21st 2013, 08:08 LONDON | Thu Feb 21, 2013 3:08am EST LONDON Feb 21 (Reuters) - Britain's top share index fell on Thursday on fears the U.S. Federal Reserve could prematurely wind down its asset purchase programme, a strong contributor to the recent equity market rally. The FTSE 100 was down 35.06 points, or 0.6 percent, at 6,360.31 by 0806 GMT, having hit a new five-year closing peak of 6,395.37 on Wednesday, led lower by mining stocks and banks. "U.S. liquidity concerns following the Fed minutes looks like the pin which will burst the recent bubble in equities," Mike McCudden, head of derivatives at Interactive Investor, said. "We will see in early trade if investors still have the appetite to buy on the dips but regardless, volatility will reign in the coming sessions." Minutes of the Fed policy meeting published late on Wednesday showed a number of officials think the central bank might have to slow or stop buying bonds.

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