Miners dig a hole for FTSE

Kazakhmys led the rout, shedding more than 5%, or 68.5p to 1,200.5p as investors offloaded cash-generating stocks. Xstrata fell 93p to 1,935p, Rio Tinto dropped 89p to 3,063p, and Antofagasta fell 64p to 2,252p. BHP Billiton fell 29p to 1,114p, and Anglo American fell 56p to 2,337p. The reason is being pinned on movements in the US market for corporate and government debt, where yields soared in response to US government data suggesting much faster than expected employment growth over the past month. That data suggests further pressure on the Federal Reserve to raise interest ra...