FTSE 100 records losses ahead of US election

Stockmarket Stock FTSE 450

The FTSE 100 fell late on Monday as investors remained cautious ahead of the outcome of the tightly fought US election.

At close, the blue-chip index fell 0.5 per cent lower, standing at 5839.06. Miners led the fall with Eurasian Natural Resources, Vedanta Resources and Kazakhmys all recording losses.

US president Barack Obama and Republican challenger Mitt Romney were neck-and-neck in opinion polls in the final stretch before tomorrow’s vote.

In Europe, the French Cac 40 and the German Dax were down 1.3 per cent and 0.5 per cent, respectively, while the FTSEurofirst 300 was down 0.4 per cent.

The Dow Jones was down 0.1 per cent in early trades in the US.

It is thought that an Obama victory would be negative for equities, while victory for Romney would be beneficial.