FTSE 100 rally faltered due to international pessimism, despite early boost from Whitbread and HSBC earnings. US sentiment downturn affected trading, ending index 0.04% lower.
US consumer confidence decline impacted American indexes, offsetting Monday gains. China factory activity slowdown also influenced European markets with Dax and Cac 40 down.
Sterling dipped against the dollar as US investors eyed Federal Reserve meeting. Whitbread announced major restructuring, cutting jobs and restaurants to focus on hotels.
Despite HSBC CEO's retirement announcement, higher profits increased positive sentiment. IG Design Group's profits exceeding expectations led to a significant share price increase.
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