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FTSE stumbles on fresh U.S. budget concern

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A man walks past the London Stock Exchange in the City of London
Alessia Pierdomenico  /  REUTERS
A man walks past the London Stock Exchange in the City of London October 27, 2008. REUTERS/Alessia Pierdomenico
updated 12/20/2012 3:28:42 AM ET 2012-12-20T08:28:42

LONDON (Reuters) - Britain's FTSE 100 index fell on Thursday as investors used renewed tensions in U.S. budget talks as an excuse to lock in profits.

The FTSE 100 <.FTSE> was down 5.01 points, or 0.1 percent, at 5,956.58 by 3.06 a.m. ET, having closed up 25.69 points, or 0.4 percent, at 5,961.59 on Wednesday, scaling fresh nine-month highs.

Sentiment towards riskier assets turned negative overnight, hurting U.S. shares <.SPX>, while mining stocks <.FTNMX1770> and banks <.FTNMX8350> were pressured on Thursday as talks to avoid a "fiscal cliff" of planned tax hikes and spending cuts in the United States stumbled yet again.

(Reporting by Tricia Wright; editing by Simon Jessop)

(c) Copyright Thomson Reuters 2012. Check for restrictions at: http://about.reuters.com/fulllegal.asp

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    Alessia Pierdomenico / REUTERS
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