Markets down as Fed makes conservative cut

The index is currently 39.70 points lower (0.61%) to 6497.20. Mining stocks are leading the losses so far, with Kazakhmys down 3.13% to 1362 and Antofagasta 2.96% lower to 771.50. DSG International is sliding on fears it will be demoted from the FTSE 100 today, 2.99% down, to 110.40. Barratt Developments and Morrison Supermarkets are bucking the trend, up 2.32% to 497 and 1.75% to 320.50 respectively. In New York, Wall Street plummeted last night as investors were disappointed the Fed only decided to cut rates by a quarter-point. The Dow Jones slid 294.26 points (2.14%) to 13432.77. Th...