European equity close: Early optimism fades as the FTSE 100 breakout fails

UK FTSE 100 down 0.2%

German DAX up 0.3%
France CAC 40 up 0.2%
Italy MIB up 0.15%
Spain IBEX up 1.2%
The FTSE broke to a two-year high in early trading but gave it all back and more as the mood soured. Interestingly, US equities are picking up now with the S&P 500 hitting a se