FTSE falls as Goldman euphoria ends

Mining firms made gains as metal prices rose, with Vendanta Resources up 13% to 987.5p, while Kazakhmys added 8.7% to 506.5p. However, Tullow Oil shares were hit as oil dropped below $50 per barrel, down 3.22% to 752.5p. Royal Dutch Shell was also affected, with A shares dipping 2.12% while B shares fell 1.77%. US markets plunged in early trading as poor retail sales figures suggested consumers are still feeling the pinch of the recession, and the Dow Jones dropped 101.31 points (1.26%) to 7,956.5. JP Morgan Chase reversed yesterday's gains on the back of Goldman Sachs' results, drop...